Companies /Financial Services

Bank Of America Corp

NYSE: BAC Banks - Diversified
$62.32
â–² $1.15 (+1.88%) today
Markets closed · 1:18pm ET

BAC Coverage

Page 71
6:08am ET
Investing

Media Digest (11/5/2012) Reuters, WSJ, NYT, FT, Bloomberg

ThinkstockG-20 ministers say they worry about the fiscal cliff and Europe’s debt issues. (Reuters) Toyota Motor Corp. (NYSE: TM) raises its profit forecasts but says its trouble in China was significant. (Reuters) As…

Douglas A. McIntyre
6:11am ET
Banking, finance, and taxes

Financial Stability Board’s Walking Dead List

Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe Financial Stability Board released its evaluation of G-SIBs. Another way to put that is a review of the financial health of “systemically…

BAC BK C
Douglas A. McIntyre
9:36am ET
Investing

A Breakup of SuperValu May Be Unavoidable

ThinkstockSuperValu Inc. (NYSE: SVU) was up nearly 20% last week, largely on buyout speculation. Buyout firm Cerberus Capital Management is the likely frontrunner to take over the third-largest U.S. supermarket chain. SuperValu…

Trey Thoelcke
7:10am ET
Jobs

UBS to Cut 15% of Its Workforce

ThinkstockUBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion over the next…

Trey Thoelcke
7:35am ET
Jobs

Meet the New Layoff Kings of Late 2012

As corporate earnings are disappointing and as the economy remains very sluggish, companies are announcing big waves of layoffs. Some have said that the layoffs this time of year are seasonal, as…

Jon C. Ogg
6:18am ET
Investing

Media Digest (10/25/2012) Reuters, WSJ, NY Times, FT

thinkstockBest Buy Co. Inc. (NYSE: BBY) cuts forecasts. (Reutesr) Spain will increase the rate at which its helps its regional governments. (Reuters) The federal government sues Bank of America Corp. (NYSE: BAC)…

Douglas A. McIntyre
6:16am ET
Investing

Short Sellers Flee Weak Companies

Short sellers must believe that, if the market rises, shares of weak companies will go along. Their positions in stocks that should drop due to their recent financial statements, and in some…

Douglas A. McIntyre
12:54pm ET
Banking, finance, and taxes

BofA Hit with Another $1 Billion Lawsuit

Countrywide Financial Corp., now part of Bank of America Corp. (NYSE: BAC) is the gift that just keeps on giving. Today, for example, the former high-flying mortgage lender delivered a lawsuit to…

Paul Ausick
4:05pm ET
Investing

24/7 Wall St. Closing Bell — October 17, 2012: Markets Don’t Move Much Today (C, CSCO, TWX, RYL, ADTN, BAC, CSX, IBM, INTC, URI, ABT, BK, BLK, CHKP, CMA, HAL, KCG, PEP, USB, AXP, EBAY, NE, STLD, BSX, DO, MS, NVR, PM, LUV, SVU, UNP, VZ, CYMI, APOL, FTNT)

The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…

Paul Ausick
7:42am ET
Banking, finance, and taxes

Bank of America Skates by Earnings Estimates

Bank of America Corp. (NYSE: BAC) has reported earnings of $0.00 per share, or $340 million in net income, after items on revenue of $20.43 billion. Thomson Reuters estimates were -$0.07 per…

BAC
Jon C. Ogg