7:02am ET
TARP: Was It Worth It?
The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net cost to the…
Companies
/Financial Services
Bank Of America Corp
$62.32
▲ $1.15 (+1.88%) today
Markets closed · 2:29pm ET
BAC Coverage
Page 72
6:50am ET
Investing
What’s Important in the Financial World (10/12/2012)
The Cost of TARP The bailout programs that made up the TARP investments will end up costing taxpayers very little, according to a new Congressional Budget Office report: CBO estimates that the net…
11:55am ET
Banking, finance, and taxes
Did BofA Say That It, Citi, and J.P. Morgan Beat Earnings Expectations?
Bank of America Corporation (NYSE: BAC) may have given the all-clear sign for the money-center banks ahead of earnings season. This may sound a bit conspiratorial, but investors often look for indications…
3:45pm ET
Housing
Wells Fargo Drags Down BofA in Mortgage Certification Fraud Case
Wells Fargo & Co. (NYSE: WFC) is under pressure on yet one more case against it from the financial crisis. The Manhattan U.S. Attorney’s office has filed a mortgage fraud lawsuit against…
12:29pm ET
Banking, finance, and taxes
Focus on Bank Book Value Per Share Ahead of Q3 Earnings Season
The big banks are going to be rather important to watch this earnings season for the third quarter of 2012 as shares have risen handily from their lows. While banks almost never…
6:26am ET
Investing
Media Digest (10/2/2012) Reuters, WSJ, NYT, FT, Bloomberg
A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters) Germany wants Spain to delay a request…
7:27am ET
Banking, finance, and taxes
Bank of America’s $2.43 Billion Merrill Settlement
Bank of America Corp. (NYSE: BAC) received one more hit in a long line of bad publicity. Its reputation was damaged once again. Again, its image as the worst of America’s large…
Douglas A. McIntyre 9:02am ET
Banking, finance, and taxes
BofA Settles Class Action Suit over Merrill Lynch Acquisition (BAC)
Bank of America Corp. (NYSE: BAC) is settling a class action lawsuit over its purchase of Merrill Lynch. The company said that it would be taking a litigation expense in the third…
Jon C. Ogg 7:12am ET
Banking, finance, and taxes
U.S. Banks Hit with Biggest Cyberattacks Ever
Security experts say the recent “denial of service” cyberattacks on big U.S. banks were the largest ever recorded by a wide margin. Since Sept. 19, the banking websites of Bank of America…
6:31am ET
Investing
Media Digest (9/272012) Reuters, WSJ, NYT, FT, Bloomberg
Spain will cut its budget ahead of a possible request for aid. (Reuters) Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters) Procter &…
11:45am ET
Economy
CEO Confidence Plummets on U.S. Outlook
The Business Roundtable’s CEO Economic Outlook Survey for the third quarter of 2012 is out, and the word to describe the report would be cautious. The report shows that CEOs are again…
8:29am ET
Investing
Big Swings in Short Interest in Actively Traded Cult Stocks (ALU, BAC, BKS, DNDN, DMND, FB, FSLR, GMCR, GRPN, LNKD, NFLX, NOK, RSH, RIMM, SIRI, ZNGA)
Jon OggThe short interest in the actively traded cult stocks and also in some of the active low-priced shares can tend to be volatile, to say the least. We tracked some rather…
6:53am ET
Banking, finance, and taxes
Wells Fargo Hacked — Who’s Next?
Wells Fargo & Co. (NYSE: WFC) joins J.P. Morgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) as its major consumer customer site apparently was hacked and service…
6:43am ET
Investing
What’s Important in the Financial World (9/26/2012)
Strikes in Greece Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds…
6:35am ET
Investing
Short Sellers Savage Weakest Stocks
Short sellers aimed their guns at the stocks of the financially weakest companies, as data from the period that ended on September 14 shows. The actions hold true for shares that trade on…