Bank Of America Corp
NYSE: BAC
$39.07
-$0.17 (-0.4%)
Real Time Data Delayed 15 Min.
BAC Articles
Moody’s has begun to downgrade the debt in a number of the structured investment vehicles that own huge pools of mortgage-related securities. According to The Wall Street Journal "in its report,...
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One thing must be said for Chuck Prince, who left Citigroup (C) todayafter four years. He could take a beating. From the moment the CEO’s chair was vacated by the ample frame of Sandy Weill,...
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After taking Merrill Lynch’s (MER) stock from $35 in early 2003 to $98 earlier this year, the company’s board sacked CEO Stan O’Neal for one bad quarter. O’Neal came across as a brutal...
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According to Reuters, Microsoft’s (MSFT) strong quarter and forecast sent shares up over 10%. Reuters writes that Oracle (ORCL) has turned down BEA Systems’ (BEAS) proposal that the company be...
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According to The New York Times "economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion." The figure includes losses in home values...
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According to Reuters, profits rose at Sony (SNE) driven by camera sales. Reuters writes that Google (GOOG) held a day with analysts and the press to show off its new technology and plans. Reuters...
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According to The Wall Street Journal, Bank of America (BAC) will "pink slip" large numbers of people at its investment banking group. Gene Taylor, president of corporate and investment banking unit...
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According to the FT, former Fed chief Alan Greenspan says that the $75 billion plus fund to buy the assets of troubled investment vehicles is a bad idea. The leaders in the push for the idea are...
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Several banks with troubled fixed income and mortgage securities are making the rounds to raise $80 billion to $100 billion to build a fund to buy some of this distressed debt. Citicorp (C) has the...
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Bank of America (BAC) put out earnings and the stock started selling off. BAC reported third quarter net income declined 32 percent to $3.70 billion from $5.42 billion a year earlier. Diluted...
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According to Reuters, the Mortgage Bankers Association said that mortgage originations will fall next year to the lowest levels since 2000, forcing job losses for at least 30,000 more home finance...
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DJIA component and financial giant JPMorgan Chase (NYSE:JPM) is set to report earnings Wednesday morning before the open. We have First Call estimates at $0.90 EPS & $16.6 Billion, but based...
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Chinese officials confirmed and several media outlets reported that China’s Citic Bank would like to buy a piece of Bear Stearns (BSC). Members of Congress will likely mount their soap boxes and...
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More details are out on this huge superfund we covered over the weekend to take advantage of over-sold (or now illiquid) asset-backed securities and loans. The name of the structure is a master...
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Citigroup CEO-for-life Chuck Prince engineered another major reorganization of his senior management group. This time the reason was all of the mortgage and fixed income losses the bank had. The ones...
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