BAC News 16.01 08/29/2014 04:40:33 Bank of America Corp (BAC

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Bank of America Corp (BAC) 16.01 $BAC

US bank earnings up 5.2 percent in 2Q
By MARCY GORDON - AP - Thu Aug 28, 5:16PM CDT
WASHINGTON (AP) — U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.

Most active New York Stock Exchange-traded stocks
AP - Thu Aug 28, 5:02PM 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 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top banks companies were down at the close of trading:

JPMorgan investigating possible cyberattack
By STEVE ROTHWELL - AP - Thu Aug 28, 4:29PM CDT
NEW YORK (AP) — JPMorgan Chase, the nation's biggest bank by assets, is working with law enforcement officials to investigate a possible cyberattack, said a person familiar with the situation who spoke on condition of anonymity, though the bank isn't currently seeing any unusual fraud activity at the time.

Watch for Bank of America to Potentially Rebound After Falling 1.17% Yesterday
Comtex SmarTrend(R) - Thu Aug 28, 3:37PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $15.99 to a high of $16.10. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $16.14 on volume of 61.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Why Bank of America, Citi, JPMorgan, Wells Fargo Still Face Hurdles
at The Street - Thu Aug 28, 1:19PM CDT
The 'too big to fail' banks increased total assets by 4.2%, according to the FDIC Quarterly Banking Profile.

Midday Glance: Banks companies
AP - Thu Aug 28, 12:19PM CDT
NEW YORK (AP) — Shares of some top banks companies are down at 1 p.m.:

First Community Bancshares Up to Strong Buy on Impressive Q2 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 28, 10:10AM CDT
On Aug 27, Zacks Investment Research upgraded First Community Bancshares, Inc. (FCBC) to a Zacks Rank #1 (Strong Buy)

7 Lessons about Banking from 200 Years of History
John Maxfield, The Motley Fool - Motley Fool - Thu Aug 28, 10:08AM CDT
The scene on Wall Street during the Panic of 1907. Source: Wikimedia Commons The history of finance is dominated by the fact that banks are innately unstable. Even the most conservative lender is only one severe credit cycle away from failure. ...

Workday's Losses Weigh Despite Price Target Hikes
at Investor's Business Daily - Thu Aug 28, 9:51AM CDT
Workday (WDAY) got price target hikes from at least three investment banks after its Q2 earnings late Wednesday beat expectations, but the company remains firmly in the red as its rising costs outpace its fast revenue growth. Workday stock was down...

One Factor Driving Bank of America (BAC) Stock Down Today
at The Street - Thu Aug 28, 9:51AM CDT
Bank of America (BAC) fell Thursday after JP Morgan Chase (JPM) and at least four other financial institutions were victims of a sophisticated cyberattack, according to USA Today.

Early Glance: Banks companies
AP - Thu Aug 28, 9:31AM CDT
NEW YORK (AP) — Shares of some top banks companies are down at 10 a.m.:

Bank of America (BAC) Crosses Pivot Point Support at $16.10
Comtex SmarTrend(R) - Thu Aug 28, 9:29AM CDT
Bank of America (NYSE:BAC) has opened bearishly below the pivot of $16.24 today and has reached the first level of support at $16.10. Investors may be interested in a cross of the next downside pivot targets of $15.99 and $15.74.

MBNA Improves "Everyday" Credit Card Offer for New Customers
PR Newswire Europe - Thu Aug 28, 9:20AM CDT
CHESTER, England, August 28, 2014 /PRNewswire/ --


French leader banks on free market to save economy
By JAMEY KEATEN and SYLVIE CORBET - AP - Thu Aug 28, 5:34AM CDT
PARIS (AP) — Facing pitiful poll numbers, Francois Hollande has cast his lot: The French president who once decried global finance and vowed a 75-percent tax on millionaires has quashed dissent from his Socialist government's left flank and appointed a well-heeled former investment banker as his new point man on the economy.

SEC adopts rules on loan-backed securities
By MARCY GORDON - AP - Wed Aug 27, 6:24PM CDT
WASHINGTON (AP) — Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers' credit records and income.

Tottenham Hotspur and MBNA Announce Extended Credit Card Affinity Agreement
PR Newswire Europe - Wed Aug 27, 12:19PM CDT
CHESTER, England, August 27, 2014 /PRNewswire/ --

MBNA Launches new Platinum Credit Card Offering Zero Percent p.a. for up to 32 Months
PR Newswire Europe - Wed Aug 27, 12:04PM CDT
CHESTER, England, August 27, 2014 /PRNewswire/ --
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