6:33am ET
Investing
Short Sellers Increase Bets Across the Board
For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…
BAC Coverage Page 88
6:39am ET
Special Report
The Worst Cities for Retirees to Find Work
Just because you’re retired doesn’t mean you don’t have to work. As of the end of last year, 7.3% of Americans 75 and older were employed — the highest level since 1966,…
2:22pm ET
Investing
Bank of America to Cut Investment Bankers Pay by 25% (BAC)
Profitability problems at Bank of America Corp. (NYSE: BAC) will lead to a pay cut of 25% for the company’s investment banking group. Bloomberg News reports that bank executives had previously said…
Paul Ausick 6:21am ET
Investing
Settlement On Foreclosure Legal Battle With Banks Nears
State and federal government officials are near a deal to settle improper foreclosure charges against a number of banks. The amount of the agreement will cause financial firms to pay about $25…
1:47pm ET
Investing
Earnings Better than Expected So Far (MON, BAC, BBT, FCX, GS, COF)
Of the 76 companies included in the S&P 500 index that have reported earnings through last week, 55% have beat expectations according to S&P Capital IQ consensus estimates. The largest year-over-year growth…
1:37pm ET
Investing
Big Banks’ Mortgage Settlement Could Be $25 Billion (BAC, JPM, WFC, C)
Bank of America Corporation (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Citigroup, Inc. (NYSE: C) are among the banks and lenders which could be…
1:31pm ET
Investing
BofA Aims for Additional Cost Savings of $3 Billion (BAC)
Bank of America Corp. (NYSE: BAC) has already identified cost cuts of $5 billion for 2012. Now the company is looking at additional ways to save another $5 billion. The bank is…
Paul Ausick 4:08pm ET
Investing
24/7 Wall St. Closing Bell (GOOG, JCI, VLO, TSCO, HUM, INTC, IBM, BAC, AXP, GE, SLB, STI, INSM, TLB, SHLD, NCIT, CCOI)
Equity markets opened mixed this morning, with the DJIA up slightly and the NASDAQ Composite and S&P 500 down slightly. That pattern held throughout the day as last night’s report from Google…
4:04pm ET
Investing
24/7 Wall St. Closing Bell (V, MA, C, CVX, APD, EBAY, ZZ, BLK, BAC, FCS, FCX, MS, LUV, EGHT, TSL, JASO, STP)
Stocks opened higher this morning and have mostly remained in positive territory throughout the day. Reports that China was considering lowering its banks’ capital reserve requirements boosted both Asian and European markets…
8:38am ET
Investing
Morning Wire — US Stock-Index Futures Higher
US index futures are higher this morning as European and Asian markets have all responded favorably to recent earnings announcements for US companies like Bank of America Corp. (NYSE: BAC), Morgan Stanley…
7:48am ET
Banking, finance, and taxes
Bank of America Earnings, Rising Tide Lifts All Ships (BAC, WFC, JPM, C, BRK-A)
Bank of America Corporation (NYSE: BAC) was already the best performing DJIA stock with gains of more than 20% since the end fo 2011. Now it has even more legs after the…
1:25pm ET
Investing
360-Degree BofA Earnings Preview (BAC, JPM, C, WFC)
Bank of America Corporation (NYSE: BAC), the second of the DJIA components in banking, is due to report its fourth quarter and 2011 year-end earnings on Thursday morning. The bank is currently…
6:48am ET
Media
Media Digest (1/18/2012) Reuters, WSJ, NYT, FT
Yahoo! (NASDAQ: YHOO) founder and former CEO Jerry Yang leaves the company’s board. (Reuters) The World Bank sharply cuts global growth forecasts. (Reuters) Greece and private creditors race to settle on a…
2:01pm ET
Investing
Fund Managers Taking on Risk at Beginning of New Year (BAC)
Investors’ appetite for risk has followed on rising sentiment on positive economic growth in the coming year. The Merrill Lynch division of Bank of America Corp. (NYSE: BAC) survey of fund managers…
Paul Ausick 11:20am ET
Banking, finance, and taxes
Many More Banks Report Earnings This Week (GS, STT, BK, USB, NTRS, AXP, BAC, MS, COF)
We have already seen the first wave of bank earnings, but the rest of the week is full of bank and financial earnings. In fact, the real bank earnings season is all…