6:04am ET
Investing
New US Rules For Sovereing Funds
Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds from Asia and the Middle East to sign a code of conduct. …
Companies
/Financial Services
Bank Of America Corp
$58.18
▲ $0.28 (+0.48%) today
Markets closed · 6:54pm ET
BAC Coverage
Page 1597:15am ET
Banking, finance, and taxes
Bank of America Earnings Fall Short (BAC)
Bank of America (NYSE: BAC) has just posted earnings at $0.05 EPS, while First Call had estimates at $0.18 on last look. Net income was actually $268 million in the quarter even…
Douglas A. McIntyre 9:00am ET
Investing
A 1,000 Point Drop On The Dow? (C)(BAC)(AXP)(AAPL)
Tuesday could bring a 1,000 point drop on the Dow, especially if markets in Asia and Europe repeat their Monday performances tomorrow. China’s big Hang Seng index fell 5.5% to 23,818. The…
4:01pm ET
Investing
The 52-Week Low Club (S)(UA)(STX)(C)(WFC)(BAC)(MBI)(WB)(SYMC)(YHOO)
Sprint (S) Lay-offs and weak subscriber numbers. Falls to $8.15 from 52-week high of $23.42. Under Armour (UA) Weak forecast kills shares. Drops to $26.52 from 52-week high of $73.40. Seagate (STX)…
4:07am ET
Media
Media Digest 1/16/2008 Reuters, WSJ, NYTimes, FT, Barron’s
Accordiing to Reuters, Sony Ericsson posted strong results and said it was improving market share. Reuters writes that Intel (INTC) missed forecasts driving its shares down. Reuters reports that Boeing (BA) is…
7:16am ET
Investing
Bank of America (BAC) Buys Countrywide (CFC) For $4 Billion
Bank of America (BAC) has bought Countrywide Financial (CFC) for about $4 billion. The move makes BAC the largest mortgage lender in the US. Douglas A. McIntyre
Douglas A. McIntyre 5:51am ET
Investing
Is Countrywide (CFC) Worth 50% More?
Yesterday, news hit the market, beginning with a report in The Wall Street Journal, that Bank of America (BAC) was thinking of buying troubled mortgage bank Countrywide Financial (CFC). At one point…
Douglas A. McIntyre 4:49pm ET
Banking, finance, and taxes
Financial Mergers May Be Mandated Rather Than Preferred (WFC, CFC, BAC, AXP, ABK, MBI, BX, COF, WM, WFC, ETFC, BSC, GS, SLM, JPM, STI, FITB, WB, NLY, CIM, BRK-A)
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector…
2:48pm ET
Banking, finance, and taxes
Bank of America (BAC) To Buy Countrywide (CFC)?
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre
Douglas A. McIntyre 8:28am ET
Banking, finance, and taxes
Baird on Banks (BAC, BBT, CMA, FITB, KEY, MI, MTB, PNC, STI, USB, WB, WFC)
ROBERT W.BAIRD has initiated mostly cautious coverage on Banks and Financials this morning. Most are Neutral rated, although there are a few Outperform ratings in the coverage group. Here are the initiations.…
4:23pm ET
Investing
52-Week Low Club: Transport, Semiconductors & Financials (January 2, 2008)
Truckers led the drop after a fake $100 oil print and after a YRC Worldwide (NASDAQ: YRCW) acquisition write-down, pulling down Arkansas Best (NASDAQ: ABFS) and others. With no surprise, airlines followed…
3:15pm ET
Investing
As Saudis Raise Money, US Companies Go On Sale (C)(MER)(AMD)(MS)
Saudi Arabia is sick of the big sovereign funds in China and Abu Dhabi kicking sand in its face. The country plans to put a fund in place that will "dwarf Abu…
11:12am ET
Banking, finance, and taxes
The SIV “Super Fund”: Dead And Buried (C)(BAC)(JPM)
The SIV "Super Fund" created by the Treasury Department, Citigroup (C), Bank of America (BAC), and JP Morgan (JPM) is dead. Once Citi took its own SIVs onto the banks balance sheet,…
11:13am ET
Banking, finance, and taxes
Confidence In Banking Fix Dissolves As Citigroup (C) Hits New Lows
Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch cut its…
8:04am ET
Investing
Top 10 Pre-Market Analyst Calls (ABK, AEO, KR, OWW, PCLN, SD, SBUX, TSO, BAC, CFC, JPM, WB, WFC, COF, USB)
These are not the only analyst calls moving stocks today in pre-market trading, but these are the top calls that 247WallSt.com is reviewing this morning: AMBAC Financial (ABK) raised to Outperform from…