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Posts related to ‘BAC’

Short Sellers Hit Internet Stocks

Posted: May 25, 2012 at 6:17 am

For the two weeks that ended on May 15, short sellers hit old and new Internet site companies alike. Among firms that had IPOs recently, the short interest in Zynga (NASDAQ: ...
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Wells Fargo Becomes Safest Bank In America, Book Values De Damned (JPM, WFC, BAC, C)

Posted: May 21, 2012 at 3:23 pm

Wells Fargo & Company (NYSE: WFC) has replaced J.P. Morgan Chase & Co. (NYSE: JPM) as the safest bank in America.  This did not happen overnight and it is not ...
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Top Analyst Upgrades & Downgrades (AVP, BAC, BBY, BA, DCI, FB, GS, HLF, KIRK, MS, MYGN, NUAN, PBR, RHI, ROST, SWY, SPLK, TJX, ZBRA)

Posted: May 21, 2012 at 8:35 am

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Avon Products Inc. (NYSE: AVP) Cut to Sell at UBS. Bank ...
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Media Digest (5/17/2012) Reuters, WSJ, NYT, FT

Posted: May 17, 2012 at 6:24 am

The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product ...
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Markets Hammered As Major Stocks Falter

Posted: May 14, 2012 at 10:01 am

The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. ...
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A Call For Jamie Dimon To Resign

Posted: May 11, 2012 at 11:17 am

J.P. Morgan Chase & Co. (NYSE: JPM) has done some severe damage to its image as the best risk manager of the large banks, and this damage may easily carry ...
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Key Short Interest Changes in Cult Stocks & Controversial Stocks (ALU, STD, BAC, BKS, DNDN, DMND, FSLR, GMCR, GRPN, HGSI, LNKD, NFLX, RSH, RIMM, SIRI)

Posted: May 10, 2012 at 10:17 am

The short interest data is out using the April 30 settlement date.  We have seen some drastic changes from the April 13 settlement date in many issues, followed by some ...
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BofA Starts More Mortgage Forgiveness Efforts, Sort Of (BAC)

Posted: May 8, 2012 at 8:00 am

Bank of America Corporation (NYSE: BAC) may be trying to move further and further past its mortgage exposure, but its Home Loans division is reaching out to customers who may ...
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What’s Important In The Financial World (5/7/2012) Gas Prices Fall, U.S. to Cut AIG Stake

Posted: May 7, 2012 at 6:25 am

France and Greece are not the only nations in which the forces of austerity suffered a setback. The party of Angela Merkel, the champion of government cost cuts across Europe, gave up ground ...
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Barclays To Start Online Bank

Posted: May 7, 2012 at 6:19 am

Barclays, the UK based bank, has decided to move into the US online bank business. The move is a mystery given the competition from American banks, brokers, and financial advisors. ...
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Media Digest (5/4/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 4, 2012 at 6:30 am

Facebook sets its IPO to raise more than $10 billion. (Reuters) The California State Teachers’ Retirement System (CalSTRS) files suit against Walmart (NYSE: WMT) over bribery allegations in Mexico. (Reuters) ...
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Can Big U.S. Banks Escape Europe’s Malaise?… Meredith Whitney Chimes In (DB, STD, NBG, BAC, JPM, C, WFC)

Posted: May 3, 2012 at 2:31 pm

The financial sector was the best performing index out of the S&P 500 during the first quarter.  That was when investors were decoupling from the woes of Europe.  With European ...
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Media Digest (5/1/2012) Reuters, WSJ, NYT, FT

Posted: May 1, 2012 at 6:34 am

China’s PMI rises to a 13-month high. (Reuters) BP (NYSE: BP) profits fall as it sells some assets to pay for the Gulf spill. (Reuters) New York state pension funds ...
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Bank Of America Readies More Job Cuts

Posted: May 1, 2012 at 6:13 am

The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this ...
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What’s Important in the Financial World (5/1/2012) Financials Lift DJIA for Q1, Bank of America Layoffs

Posted: May 1, 2012 at 6:07 am

BP’s (NYSE: BP) profits fell as it continues to struggle with the Deepwater Horizon catastrophe. The incident and subsequent oil spill may cost the UK company as much as $20 billion ...
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