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Bank of America News

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

7 min ago | The Washington Post

BofA Hiring Morgan Stanley's To as China Investment-Banking Head

Alex To, Morgan Stanley's chairman of China investment banking, is leaving to join Bank of America Corp. in a similar role, a person familiar with the matter said. To will be head of investment banking for China at Bank of America, the person said, asking not to be named because the move hasn't been announced.


Related Topix: Investment Banking, Morgan Stanley European Fund, Financial Services, Morgan Stanley, Banking, Business News

4 hrs ago | MarketNewsVideo

Monday's ETF with Unusual Volume: IXG

The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Monday, with over 331,000 shares traded versus three month average volume of about 26,000. Shares of IXG were trading flat on the day.


Related Topix: Financial Services, Banking, Video, Business News

8 hrs ago | ABA Banking Journal

SNL Report: Carolinas deal puts newcomer into list at #44

Raleigh, N.C.-based First Citizens BancShares Inc. was the only company that managed to break into the top 50 list of the largest U.S. banks and thrifts in the second quarter, following the company's June 10 announcement of its $676.4 million acquisition of Columbia, S.C.-based First Citizens Bancorp. Inc. The "big four" U.S. banks maintained positions, led by JPMorgan Chase & Co.


Related Topix: Banking, Financial Services, JP Morgan Chase , Citigroup, Mach One, Goldman Sachs, Stanley, Investment Services

12 hrs ago | Learn Bonds

Bank of America's Newest Preferred Stock Yields 6.625%

Earlier this month, Bank of America issued a brand new series of preferred stock . Its Series W non-cumulative preferred pays quarterly distributions of $0.4140625 in March, June, September, and December.


Related Topix: Financial Services, Banking

16 hrs ago | Seeking Alpha

Bank Of America: A World Without Countrywide

Anyone who reads my articles knows I've been pounding the table to buy Bank of America for a long time now. I have maintained that BAC's issues are transitory - although they have been a little less transitory than I'd hoped - and that we'd eventually see the company earning billions upon billions and a higher stock price.


Related Topix: Financial Services, Banking

16 hrs ago | Business Journal

Wells Fargo looks to reduce its real estate footprint, consolidate space

Large corporations such as Bank of America Corp. and Wells Fargo & Co. are working to reduce the size of their real estate portfolios and do a better job of making use of the space they have, according to a panel of real estate executives who spoke at a recent CoreNet Global event at Carmel Country Club.


Related Topix: Financial Services, Wells Fargo , Banking, Startups, Mach One, Institutional Venture Partners

18 hrs ago | Seeking Alpha

Will Home Depot Follow Target Downward Post Data Breach?

HD recently announced investigations into data breaches of customer data, possibly going back as far as April; many are concerned HD stock will drop, like TGT, following its 2013 breaches. In many cases, investors are not told of the loss of company data, trade secrets and internal emails stolen by hackers that often work out of China or other overseas countries.


Related Topix: Banking, Retail, Target, Financial Services

Sun Sep 14, 2014

American Reporter


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. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create with the biggest bankruptcy filing in history.


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

Seeking Alpha

Comparing The Marginal Cost Of Funds For Berkshire Hathaway, Wells Fargo And Bank Of America

On September 8, we reported that Wells Fargo had a marginal cost of funding advantage of more than 0.30% over Bank of America. With tongue partly in cheek, both banks could reduce their marginal funding costs by giving up the implicit TBTF USA guarantee for an explicit Berkshire Hathaway guarantee.


Related Topix: Construction, Berkshire Hathaway, Investment Services, Business Wire, Berkshire Hathaway , Startups, Insurance, Empire Group, Wells Fargo , Banking, Financial Services

Sat Sep 13, 2014


People walk through Ltd.'s headquarters in Hangzhou, Zhejiang Province, China.

Bank of America Corp. , one of the few large banks that isn't working on Alibaba Group Holding Ltd.'s initial public offering, has found another way to make a buck on the deal. The Charlotte , North Carolina-based bank is giving investors a chance to bet on Alibaba's performance by offering them a product that uses the e-commerce company's largest shareholder, SoftBank Corp. , as a basis for approximating Alibaba's valuation.


Related Topix: Alibaba, Banking, Financial Services, World News, China, North Carolina, Internet, Science / Technology, SoftBank, Investment Services

Fox News

It's Time to Own at Least One Security Stock

It wasn't a particularly good week for the market and looking back, we can see the ominous double-top formed at Dow 17,000. After the big August run, though, this isn't unusual, so I'm thinking we drift to about 16.8K before the Dow makes another run up and through the old high.


Related Topix: Financial Services, Banking, Startups, Symantec, Business News

Fri Sep 12, 2014


The 5 Biggest Companies In 1812

Recently, Fortune magazine published a list of the 500 biggest companies in America in 1812. Looking at the number of banks in the first five spots, it's easy to see that the financial sector was a driving force behind our fledgling country's economy.


Related Topix: Banking, Financial Services, New York

Weekly Market Wrap: September 12, 2014

Our mission at Market News Video is to produce and distribute quality online videos about the stock markets and publicly traded companies. We achieve our mission by delivering videos to visitors to our website and through our distribution partners.


Related Topix: Financial Markets, Banking, Financial Services, e-dialog, Hunch, eBay, Startups, GSI Technology

Business Journal

Wells Fargo looks to turn off running faucet of unused space

Large corporations such as Bank of America Corp. and Wells Fargo & Co. are working to reduce the size of their real estate portfolios and do a better job of making use of the space they have, according to a panel of real estate executives who spoke at a CoreNet Global event yesterday at Carmel Country Club.


Related Topix: Financial Services, Wells Fargo , Banking

Insider Monkey

Are Bank of America Corp (BAC) and American International Group Inc (AIG) Going to Climb the Hill?

Jim Cramer, yesterday on CNBC 's 'Mad Money has discussed two of his favorite financial picks: Bank of America Corp . Both companies show strong potential after revealing muscles in their numbers and appealing curves on their stock's valuation graphs.


Related Topix: American International Group, Insurance, Financial Services, Banking

Sys-Con Media

Morning Briefing on Banks Stocks -- Bank of America, Citigroup, ING...

The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 314.49, up 0.31%, with the index also advancing 4.32% in the last one month.


Related Topix: ING Group, Insurance, Banking, Financial Services, Citigroup, CitiMortgage, Financial Markets, Susquehanna Bancshares

Seeking Alpha

Cramer's Mad Money - 2 Biotech Takeover Targets

Big pharma companies are starved for growth, and are likely to make acquisitions to expand their pipelines. Cramer discussed small biotechs that could be takeover candidates.


Related Topix: Recreation, Vail Resorts, Rubber-Plastics, Chemicals, Eastman Chemical, Financial Services, Alliance Data Systems, Computers, Banking, Arrowhead Research, Ferguson, MO

Express India

Wall Street down slightly, financials help limit losses

U.S. stocks were down slightly in late afternoon trading on Thursday following a decline in biotechnology shares, but gains in financials helped to limit the day's losses. Shares of JPMorgan Chase were up 0.8 percent, while shares of Bank of America were up 1.1 percent, the two biggest positives on the S&P 500.


Related Topix: Financial Markets, Biotech, Science / Technology, Banking, Stora Enso, Paper, Financial Services, Medicine, Gilead Sciences, Healthcare Industry

Thu Sep 11, 2014

Sys-Con Media

The Zacks Analyst Blog Highlights: Goldman Sachs Group, Citigroup,...

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Goldman Sachs Group, Inc. , Citigroup Inc. , Bank of America Corp. , Wells Adding to the already intense regulations in the banking sector, the Federal Reserve intends to impose new stricter norms on the U.S. banking giants.


Related Topix: Goldman Sachs, Financial Services, Investment Services, Banking, Citigroup, Financial Markets, CitiMortgage, Wells Fargo

The Motley Fool

How Bank of America Corp.'s Warrants Work

During the financial crisis, many banks issued warrants as part of the Troubled Asset Relief Program. Others issued warrants to entice investors to make riskier, but potentially more profitable, bets on a bank's stock.


Related Topix: Stora Enso, Paper, Financial Services, Banking


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