Business Highlights
By The Associated Press - AP - Mon Jul 07, 4:49PM CDT
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Report: Homeowners paid $3.1B cash in settlement
AP - Mon Jul 07, 5:31PM CDT
WASHINGTON (AP) — A new report says homeowners have received about $3.1 billion in cash under a federal settlement with 13 big banks over alleged misconduct in processing mortgages that may have resulted in wrongful foreclosures.
Federal Realty Investment Trust Announces Lead Office Tenant For Pike & Rose
PR Newswire - Mon Jul 07, 3:22PM CDT
Federal Realty Investment Trust (NYSE: FRT) is pleased to announce Bank of America Merrill Lynch as the lead office tenant at Pike & Rose, the new transit-oriented, pedestrian-friendly, mixed-use neighborhood at the top of the White Flint District of North Bethesda. Bank of America Merrill Lynch will occupy 40,000 square feet, half of the 80,000 square foot LEED certified, Class "A" office building at 11810 Grand Park Avenue in Phase 1 of Pike & Rose.
TD Ameritrade investors remain big on equities
AP - Mon Jul 07, 3:15PM CDT
OMAHA, Neb. (AP) — Online brokerage TD Ameritrade says its investors continue to be heavily invested in equities.
Are You Overpaying for Your Funds? - Best of Funds
Zacks Equity Research - Zacks Investment Research - Mon Jul 07, 3:12PM CDT
Returns from funds should be calculated after accounting for the expenses or charges that an investor has to pay.
Major Regional Banks Stock Roundup: SunTrust and U.S. Bancorp in Focus for Settlements - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 07, 1:31PM CDT
Major banks' efforts to settle mortgage lawsuits remained the key trend in the last five trading days. The notion of these settlements curtailing further legal costs spread some positivity.
Most active New York Stock Exchange-traded stocks
AP - Mon Jul 07, 12:24PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:
Midday Glance: Banks companies
AP - Mon Jul 07, 12:24PM CDT
NEW YORK (AP) — Shares of some top banks companies are down at 1 p.m.:
1 Critical Thing to Watch at Bank of America Corp, Citigroup Inc, and Wells Fargo & Co
Patrick Morris, The Motley Fool - Motley Fool - Mon Jul 07, 10:14AM CDT
With the calendar turned to July, the second quarter is officially in the books. And with earnings season just around the corner, there is one thing investors must watch when Bank of America , Citigroup , and Wells Fargo announce earnings. ...
Early Glance: Banks companies
AP - Mon Jul 07, 9:38AM CDT
NEW YORK (AP) — Shares of some top banks companies are down at 10 a.m.:
Wells Fargo, PNC Financial Lead 24 Banks in the KBW Banking Index
at The Street - Mon Jul 07, 9:06AM CDT
Earnings from the 24 banks in the index, including 'too big to fail' Bank of America, Citigroup, JPMorgan and Wells Fargo, are key to market direction.
Bank of America (BAC) Breaks Through Support at $15.94
Comtex SmarTrend(R) - Mon Jul 07, 9:00AM CDT
Bank of America (NYSE:BAC) has opened bearishly below the pivot of $16.09 today and has reached the first level of support at $15.94. Should the shares continue to fall, the support pivots of $15.86 and $15.63 will be of interest.
Why TheStreet Ratings Team Rates Bank of America (BAC) Stock a 'Buy'
at The Street - Mon Jul 07, 8:52AM CDT
TheStreet Ratings team reiterates its "buy" rating on Bank of America (BAC) with a ratings score of B.
Will This Downgrade Hurt Bed Bath and Beyond (BBBY) Stock Today?
at The Street - Mon Jul 07, 7:51AM CDT
Bed Bath and Beyond (BBBY) was downgraded to 'underperform' from 'neutral' at Bank of America/Merril Lynch (BAC).
Why Williams-Sonoma (WSM) Stock Is Up This Morning
at The Street - Mon Jul 07, 7:44AM CDT
Williams-Sonoma (WSM) stock is higher in pre-market trading after Bank of America (BAC) upgraded its rating to 'buy' from 'neutral' and raised its price target to $82 from $70
The Surprising Way Fifth Third Bancorp Tackles Peers Like Bank of America
Patrick Morris, The Motley Fool - Motley Fool - Mon Jul 07, 6:00AM CDT
One of the buzzwords in the banking industry is "cross-sell," and one regional bank is doing a remarkable job at executing on this key effort. The big word Whether we're considering regional banks like Huntington Bancshares and Fifth Third...
Recognitions, Mergers, Acquisitions, and Technical Updates - Analyst Notes on Bank of America, Kite Realty, Doral Financial, AMH and National General Holdings
PR Newswire - Mon Jul 07, 5:40AM CDT
Today, Analysts Review released its analysts' notes regarding Bank of America Corporation (NYSE: BAC), Kite Realty Group Trust (NYSE: KRG), Doral Financial Corp. (NYSE: DRL), American Homes 4 Rent (NYSE: AMH) and National General Holdings Corp. (NASDAQ: NGHC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4502-100free.
Why Shareholders Should Be Patient With Bank of America
Tyler Riggs and David Hanson, The Motley Fool - Motley Fool - Mon Jul 07, 5:00AM CDT
This year's stress test wasn't just a head-ache for Citigroup . It also created more stress for Bank of America , leading to halted dividends and share buybacks, and has held Bank of America's share price back. In this episode of The Motley...
1 Surprising Way Bank of America Beats Wells Fargo in a $350 Billion Industry
Patrick Morris, The Motley Fool - Motley Fool - Sun Jul 06, 12:06PM CDT
Investors know Bank of America , Wells Fargo , and Capital One are similar in many ways, but it turns out Bank of America tops its big competitors in an area you may not expect. The continued growth SNL Financial recently reported that...
The Most Amazing Thing About the Dow's Record Rally
Dan Caplinger, The Motley Fool - Motley Fool - Sat Jul 05, 12:12PM CDT
The Dow Jones Industrials celebrated another milestone this week, climbing above the 17,000 level for the first time ever. When you consider that the Dow was well below 7,000 when the bull market began in March 2009, the Dow's 10,000-point...