Bank of America Corp (BAC) 16.16 $BAC
'Fast Money' Recap: Banking on Financial Stocks
at The Street - 40 mins ago
The trading panel discussed banks, Home Depot's new CEO and whether to invest in semiconductor companies.
Asian stocks higher after S&P 500 record close
By KELVIN CHAN - AP - Thu Aug 21, 10:41PM CDT
HONG KONG (AP) — Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key meeting of U.S. central bankers that's expected to shed light on the interest rate outlook.
2 Comments
Jim Cramer's 'Mad Money' Recap: 12 Stocks Even Better Than Google
at The Street - Thu Aug 21, 6:59PM CDT
Google is fabulous, Cramer says, but these stocks are just as good if not better.
Banks Offer 20-25% Pay Hike to Retain Junior Bankers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 21, 6:10PM CDT
In order to prevent defections and retain talent, Wall Street biggies are planning to hike the salary for their junior staff in the range of 20-25%.
Most active New York Stock Exchange-traded stocks
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at the close of trading:
Final Glance: Banks companies
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — Shares of some top banks companies were up at the close of trading:
Bank of America settlement likely to benefit few
By JOSH BOAK, PETE YOST and MARCY GORDON - AP - Thu Aug 21, 4:35PM CDT
WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.
After Yesterday's Rally of 4.12% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Aug 21, 3:37PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $15.62 to a high of $16.22. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $15.65 on volume of 175.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
New York gets $800M in Bank of America settlement
By DAVID KLEPPER - AP - Thu Aug 21, 2:26PM CDT
ALBANY, N.Y. (AP) — New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General Eric Schneiderman said Thursday.
Why Bank of America (BAC) Stock Continues To Surge Today
at The Street - Thu Aug 21, 1:43PM CDT
Bank of America (BAC) stock began to climb after it announced a settlement with the DOJ regarding an investigation into the quality of mortgage backed securities.
Midday Glance: Banks companies
AP - Thu Aug 21, 12:22PM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 1 p.m.:
Bank Of America Corporation (BAC) Highlighted As Storm The Castle Stock
at The Street - Thu Aug 21, 11:52AM CDT
Trade-Ideas LLC identified Bank of America Corporation (BAC) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate
Bank of America agrees to nearly $17B settlement
By PETE YOST and MARCY GORDON - AP - Thu Aug 21, 11:47AM CDT
WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
New Study Finds Bank of America Chicago Marathon Delivers More Than $253 Million in Business Activity
Business Wire - Thu Aug 21, 11:30AM CDT
Bank of America announced today that the Bank of America Chicago Marathon continues to be a key economic driver and contributes an estimated $253.49 million in total business activity to the Chicago economy, according to a new economic impact report. This is the first time that the economic impact of the Marathon has exceeded $250 million.
Bank of America, DOJ Reach $16.65 Billion Settlement
at Investor's Business Daily - Thu Aug 21, 11:12AM CDT
Bank of America (BAC) and the Department of Justice announced a $16.65 billion settlement to resolve federal and state mortgage-backed securities fraud claims, the largest such deal on record and likely the last mortgage settlement against a big U.S....
Bank of America Pays Record $17B for Toxic Mortgages
at The Street - Thu Aug 21, 10:34AM CDT
Government doesn't accept bank's argument that it wasn't responsible for Merrill Lynch and Countrywide, two lenders it acquired during the financial crisis.
Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis
M2 - Thu Aug 21, 10:21AM CDT
Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation -- the largest civil settlement with a single entity in American history -- to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch. As part of this global resolution, the bank has agreed to pay a $5 billion penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) -- the largest FIRREA penalty ever -- and provide billions of dollars of relief to struggling homeowners, including funds that will help defray tax liability as a result of mortgage modification, forbearance or forgiveness. The settlement does not release individuals from civil charges, nor does it absolve Bank of America, its current or former subsidiaries and affiliates or any individuals from potential criminal prosecution.
Watch for Shares of Bank of America (BAC) to Approach Resistance at $15.77
Comtex SmarTrend(R) - Thu Aug 21, 10:13AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $15.51 and have already reached the first level of resistance at $15.65. Analysts will be watching for a cross of the next upside pivot targets of $15.77 and $16.03.
'Fast Money' Recap: Banking on Financial Stocks
at The Street - 40 mins ago
The trading panel discussed banks, Home Depot's new CEO and whether to invest in semiconductor companies.
Asian stocks higher after S&P 500 record close
By KELVIN CHAN - AP - Thu Aug 21, 10:41PM CDT
HONG KONG (AP) — Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key meeting of U.S. central bankers that's expected to shed light on the interest rate outlook.
2 Comments
Jim Cramer's 'Mad Money' Recap: 12 Stocks Even Better Than Google
at The Street - Thu Aug 21, 6:59PM CDT
Google is fabulous, Cramer says, but these stocks are just as good if not better.
Banks Offer 20-25% Pay Hike to Retain Junior Bankers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 21, 6:10PM CDT
In order to prevent defections and retain talent, Wall Street biggies are planning to hike the salary for their junior staff in the range of 20-25%.
Most active New York Stock Exchange-traded stocks
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at the close of trading:
Final Glance: Banks companies
AP - Thu Aug 21, 5:08PM CDT
NEW YORK (AP) — Shares of some top banks companies were up at the close of trading:
Bank of America settlement likely to benefit few
By JOSH BOAK, PETE YOST and MARCY GORDON - AP - Thu Aug 21, 4:35PM CDT
WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.
After Yesterday's Rally of 4.12% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Aug 21, 3:37PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $15.62 to a high of $16.22. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $15.65 on volume of 175.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
New York gets $800M in Bank of America settlement
By DAVID KLEPPER - AP - Thu Aug 21, 2:26PM CDT
ALBANY, N.Y. (AP) — New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, New York Attorney General Eric Schneiderman said Thursday.
Why Bank of America (BAC) Stock Continues To Surge Today
at The Street - Thu Aug 21, 1:43PM CDT
Bank of America (BAC) stock began to climb after it announced a settlement with the DOJ regarding an investigation into the quality of mortgage backed securities.
Midday Glance: Banks companies
AP - Thu Aug 21, 12:22PM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 1 p.m.:
Bank Of America Corporation (BAC) Highlighted As Storm The Castle Stock
at The Street - Thu Aug 21, 11:52AM CDT
Trade-Ideas LLC identified Bank of America Corporation (BAC) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate
Bank of America agrees to nearly $17B settlement
By PETE YOST and MARCY GORDON - AP - Thu Aug 21, 11:47AM CDT
WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
New Study Finds Bank of America Chicago Marathon Delivers More Than $253 Million in Business Activity
Business Wire - Thu Aug 21, 11:30AM CDT
Bank of America announced today that the Bank of America Chicago Marathon continues to be a key economic driver and contributes an estimated $253.49 million in total business activity to the Chicago economy, according to a new economic impact report. This is the first time that the economic impact of the Marathon has exceeded $250 million.
Bank of America, DOJ Reach $16.65 Billion Settlement
at Investor's Business Daily - Thu Aug 21, 11:12AM CDT
Bank of America (BAC) and the Department of Justice announced a $16.65 billion settlement to resolve federal and state mortgage-backed securities fraud claims, the largest such deal on record and likely the last mortgage settlement against a big U.S....
Bank of America Pays Record $17B for Toxic Mortgages
at The Street - Thu Aug 21, 10:34AM CDT
Government doesn't accept bank's argument that it wasn't responsible for Merrill Lynch and Countrywide, two lenders it acquired during the financial crisis.
Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis
M2 - Thu Aug 21, 10:21AM CDT
Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation -- the largest civil settlement with a single entity in American history -- to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch. As part of this global resolution, the bank has agreed to pay a $5 billion penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) -- the largest FIRREA penalty ever -- and provide billions of dollars of relief to struggling homeowners, including funds that will help defray tax liability as a result of mortgage modification, forbearance or forgiveness. The settlement does not release individuals from civil charges, nor does it absolve Bank of America, its current or former subsidiaries and affiliates or any individuals from potential criminal prosecution.
Watch for Shares of Bank of America (BAC) to Approach Resistance at $15.77
Comtex SmarTrend(R) - Thu Aug 21, 10:13AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $15.51 and have already reached the first level of resistance at $15.65. Analysts will be watching for a cross of the next upside pivot targets of $15.77 and $16.03.
