Bookmark

Add to MyYahoo RSS

Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

29 min ago | Seeking Alpha

Citigroup Prepares To Write Obama A $7 Billion Check; Investors Should Steer Clear

It's estimated that Citibank will pay a $7 billion dollar fine for its shoddy mortgage practices before the financial crisis.

Comment?

Related Topix: Banking, Financial Services, Citigroup, Home, Mortgage, Personal Finance, US News

4 hrs ago | Reuters

UPDATE 1-U.S. judge tosses Miami mortgage discrimination suit against BofA

A federal judge has dismissed the City of Miami's mortgage discrimination lawsuit against Bank of America Corp, ruling the city lacked legal standing to sue for damages under the U.S. Fair Housing Act.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Foreclosures

Wed Jul 09, 2014

The Charlotte Observer

5 things to watch as Wells Fargo, Bank of America report second-quarter earnings

Charlotte's two big-bank employers are set to report quarterly earnings, once again shining a light on the health of their businesses and on the U.S. economy as a whole.

Comment?

Related Topix: Banking, Financial Services, Wells Fargo , Home, Mortgage, Personal Finance

Reuters

Holder won't meet with BofA CEO as mortgage talks stall: sources

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, US News

Business Wire

Bank of America Declares Preferred Dividends

A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, is payable on September 15 to shareholders of record as of August 29. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 15 to ... (more)

Comment?

Related Topix: Financial Services, Banking

Fox News

Banks: Not the Only Ones to Blame for the '08 Crisis

They say the wheels of justice spin slowly, but they never said they spin fairly, or for Citigroup , cheaply.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Business News

TheStreet.com

Will These Lower EPS Estimates Hurt Bank of America (BAC) Stock Today?

The firm set a price target of $18 for the bank with an "equal weight" rating. Barclays analysts lowered its second quarter estimates to 29 cents a share from 31 cents a share.

Comment?

Related Topix: Financial Services, Banking, TheStreet, Financial Markets

The Washington Post

Morgan Stanley Joins BofA Cutting ABS Outlook Amid Flood of Cash

Mario Draghi is undermining his own plan to support asset-backed debt as he floods banks with cheap money, according to Morgan Stanley and Bank of America Corp., prompting them to cut forecasts for sales of the securities.

Comment?

Related Topix: Stanley, Banking, Financial Services, Mortgage, Business News

Bloomberg

Option Skew at 2 1/2-Year Low Signals Treasuries Rise, BofA Says

Long-term Treasuries are poised to rally as the skew in option volatility reached the lowest since 2011, signaling wagers for higher yields have become overdone, according to Bank of America Corp. Positioning for higher Treasury yields amid signs of an improving labor market and rising inflation has spurred hedging of those bets through purchases ... (more)

Comment?

Related Topix: Banking, Financial Services, US News

Tue Jul 08, 2014

Seeking Alpha

Bank Of America Reports Second Quarter Earnings, But Wells Fargo Is A Better Investment

Background: Bank of America is one of the world's leading financial services companies.

Comment?

Related Topix: Wells Fargo , Banking, Financial Services

Queen Anne & Magnolia News

Lewis joins Peoples Bank

He also has experience working in financial services and public relations and as a commercial lender at Bank of America.

Comment?

Related Topix: Shoreline, WA, Financial Services, Banking

Wall St. Cheat Sheet

Bank of America May Be a Mess, But It's a Pretty Good-Looking Mess

In 2012, Fortune Magazine named Bank of America CEO Brian Moynihan as one of the worst performing chief executives in the United States.

Comment?

Related Topix: Financial Services, Banking, Stanley

Clarksville Online

AAA say U.S. Delared World's Biggest Oil Producer; Gas Prices Drift Lower

According to a report from the Bank of America Corp., the U.S. is projected to remain the top producer of 2014 because domestic output is forecast to increase and production growth outside the U.S. has been lower than anticipated.

Comment?

Related Topix: Banking, Financial Services

Oil and Gas Investor

US Overtakes Saudi Arabia, Russia As 'Biggest Oil Producer'

Bloomberg reported on July 4 that the U.S. will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia, as extraction of energy from shale rock spurs the nation's economic recovery, according to Bank of America Corp. .

Comment?

Related Topix: Financial Services, Banking

American Reporter

The WilliesIS it All Over but the Crisis?

Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Economics News, Subprime Mortgage Crisis, Bankruptcy, Banking, Financial Services

MarketWatch

Banks' cuts fall short as growth stays tepid

The biggest Wall Street banks have slashed tens of thousands of jobs and pruned all manner of expenses since the financial crisis.

Comment?

Related Topix: Banking, Financial Services, JP Morgan Chase

Mon Jul 07, 2014

Forbes.com

Week Ahead Market Report: July 7, 2014

The US markets are down this afternoon, with the Dow down 0.37%, the S&P lower by 0.50% and the Nasdaq lower by 0.80%.

Comment?

Related Topix: Financial Markets, Banking, Financial Services, Apple, Startups

Business Journal

Big banks to boost financial technology investments to $8 billion

Investments in financial technology start-ups are booming as big banks throw their support behind the field, which is expected to reach $8 billion in investments in the next four years.

Comment?

Related Topix: Financial Services, Banking

Forbes.com

Monday's ETF with Unusual Volume: IYY

The iShares Dow Jones U.S. ETF is seeing unusually high volume in afternoon trading Monday, with over 158,000 shares traded versus three month average volume of about 31,000.

Comment?

Related Topix: Banking, Financial Services, Apple, Startups, Semiconductors, Cirrus Logic, Electronics, Financial Markets

Globe and Mail

Video: Market Call: Three top stock picks from Avenue Investment's Paul Harris

Paul Harris, Partner and Portfolio Manager, Avenue Investment Management gives his top picks; Deere & Company , Qualcomm and Bank of America .

Comment?

Related Topix: Manufacturing, Construction, Industrial Machines, John Deere , Qualcomm, Banking, Stora Enso, Paper, Financial Services

•••
•••
•••
•••
•••

Seattle Jobs

•••
•••
•••
•••