Bank of America Corp (BAC) 17.87 $BAC
16 Banks to Face Rate-Rigging Probe by 27 Plaintiffs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:41PM CDT
The U.S. District Judge Naomi Reice Buchwald said on Tuesday that she has found a "viable legal theory" that can potentially bring relief to 27 investors who filed individual lawsuits against 16 global banks for allegedly rigging LIBOR.
BCS: 17.45 (-0.12), JPM: 68.73 (+0.27), C: 58.74 (+0.27), CS: 29.16 (-0.15), HSBC: 46.18 (+0.88), DB: 34.06 (+0.04), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), SCHW: 35.38 (+0.17)
Why Bank of America Is Still in Trouble
at The Street - Wed Aug 05, 3:00PM CDT
The bank has yet to switch from dealing with legacy crisis issues to a business-growth mode.
BAC: 17.87 (+0.07)
JPMorgan to Ease Jumbo Mortgages Terms: Growth Ahead? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:30PM CDT
JPMorgan (JPM) is planning to relax the prerequisites for "jumbo" mortgages.
JPM: 68.73 (+0.27), BAC: 17.87 (+0.07), WFC: 57.65 (-0.17), PNC: 98.58 (+0.66)
The Legal Barrier to Bank of America’s Growth
John Maxfield, The Motley Fool - Motley Fool - Wed Aug 05, 9:37AM CDT
Over the past two decades, Bank of America has grown more than tenfold , increasing the size of its balance sheet from less than $200 billion in the mid-1990s to almost $2.2 trillion today. But current and prospective investors in the nation's...
USB: 45.43 (+0.21), BAC: 17.87 (+0.07)
Next Resistance Level for Bank of America (BAC) is $18.03
Comtex SmarTrend(R) - Wed Aug 05, 9:31AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $17.81 and have already reached the first level of resistance at $17.92. Investors may be interested in a cross of the next upside pivot targets of $18.03 and $18.25.
BAC: 17.87 (+0.07)
World's Top Professional Wheelchair Athletes Compete This Fall in 2015 Chicago-New York Challenge in Preview of New Abbott World Marathon Majors Series
Business Wire - Wed Aug 05, 9:00AM CDT
he world's top professional wheelchair athletes will go head-to-head in the first Chicago-New York Challenge; it was announced today by Carey Pinkowski, executive race director of the Bank of America Chicago Marathon and Peter Ciaccia, president of events for New York Road Runners and race director of the TCS New York City Marathon.
BAC: 17.87 (+0.07)
Why You Can Make a Lot of Money Selling Bank of America Stock Now
at The Street - Wed Aug 05, 8:37AM CDT
Technical analysis shows that a rare, triple bearish divergence is appearing on shares of Bank of America. This stock is poised for a big selloff.
BAC: 17.87 (+0.07)
Peabody, Arch Coal May File Chapter 11 Bankruptcy on Obama Rules
at The Street - Wed Aug 05, 8:16AM CDT
Alpha Natural Resources, the nation's largest producer, filed for bankruptcy the day the final version of the Clean Power Plan was unveiled. Arch Coal and Peabody Energy could be next.
CNX: 13.90 (-0.56), BTU: 1.10 (+0.08), ACI: 1.05 (-0.46), DB: 34.06 (+0.04), BAC: 17.87 (+0.07)
Stratasys Upgraded; TransUnion, Milacron Initiated
at Investor's Business Daily - Tue Aug 04, 3:28PM CDT
Stratasys (SSYS) was upgraded on Tuesday, a day after rival 3D Systems' (DDD) price target was lowered. JPMorgan upgraded Stratasys to overweight. Last week, the 3-D printer maker gave light guidance. On Monday, Needham lowered 3D Systems' price...
MMM: 151.01 (+0.61), DDD: 11.70 (-0.09), CS: 29.16 (-0.15), COP: 49.12 (-0.75), BAC: 17.87 (+0.07), TRU: 26.65 (+0.91), PXD: 125.60 (+0.77), GS: 205.70 (+0.53), VA: 35.12 (-1.11), JPM: 68.73 (+0.27), SSYS: 28.00 (-0.40), MCRN: 17.15 (+0.52), TMUS: 40.74 (-0.47), APC: 74.01 (-0.29)
The History of Banking in One Chart
John Maxfield, The Motley Fool - Motley Fool - Tue Aug 04, 3:14PM CDT
When it comes to banking, or investing in bank stocks, few things are as important as history . It's my opinion, in fact, that a deep and visceral appreciation for the historical swings of the credit cycle is a necessary competitive advantage for...
JPM: 68.73 (+0.27), WFC: 57.65 (-0.17), BAC: 17.87 (+0.07)
CIT Group Completes OneWest Deal: What to Expect Now? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 3:10PM CDT
CIT Group completed the acquisition of OneWest, leading to the formation of a systematically important entity.
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), CIT: 46.84 (-0.14)
Goldman (GS) Raises Legal Loss Estimates by 55% to $5.9B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 2:10PM CDT
In its latest quarterly filing, The Goldman Sachs Group, Inc. (GS) raised estimates for potential legal losses by 55% to $5.9 billion. According to sources, the increase is triggered by a probable settlement with authorities regarding risky mortgage-backed securities.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.41 (+0.02), TSC: 12.81 (+0.05), BOKF: 67.35 (+0.56), C: 58.74 (+0.27), BNCN: 23.13 (+0.01), BAC: 17.87 (+0.07), BK: 44.40 (+0.51), ACFC: 5.40 (+0.32)
BB&T Closes Susquehanna Deal: More Acquisition in Cards? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 12:25PM CDT
BB&T completed the acquisition of Susquehanna. Can we expect more opportunistic buyouts going forward?
BBT: 40.87 (+0.23), C: 58.74 (+0.27), BAC: 17.87 (+0.07), BK: 44.40 (+0.51)
Appeals court revives antitrust lawsuit over ATM fees
AP - Tue Aug 04, 10:51AM CDT
WASHINGTON (AP) — A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers.
JPM: 68.73 (+0.27), WFC: 57.65 (-0.17), BAC: 17.87 (+0.07)
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America - Press Releases
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 8:30AM CDT
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Houlihan Lokey Sets IPO Range, Seeks Valuation of $1.5B
at The Street - Mon Aug 03, 5:52PM CDT
The markets have been kind to investment banks that derive more of their revenues from advisory services.
GS: 205.70 (+0.53), GHL: 39.29 (-0.53), LAZ: 54.28 (-0.03), JMP: 7.42 (+0.05), EVR: 58.34 (-0.36), PJC: 43.63 (-0.38), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), MC: 30.22 (-0.22), IX: 74.79 (+0.85)
U.S. Bancorp, Zions Team Up to Provide Tax Equity Financing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:25PM CDT
U.S. Bancorp (USB) and Zions Bancorporation (ZION) have taken a "sustainable" step forward. These banks, together, will provide tax equity financing for a renewable project in Arizona, reflecting their increasing focus on sustainable energy and clean technology.
GS: 205.70 (+0.53), USB: 45.43 (+0.21), C: 58.74 (+0.27), BAC: 17.87 (+0.07), ZION: 31.24 (+0.41)
4 Important Updates from Bank of America's Recently Filed 10-Q
John Maxfield, The Motley Fool - Motley Fool - Mon Aug 03, 4:14PM CDT
With Bank of America 's second-quarter earnings in the rearview mirror -- and an excellent quarter it was! -- the second and more substantive phase of the publicly traded bank's earnings ritual kicked off last week with the filing of its...
BAC: 17.87 (+0.07)
Eurozone Slowdown Poses More Danger to U.S. Economy Than China
at The Street - Mon Aug 03, 4:05PM CDT
The Chinese economy has been losing steam, and that's showing up in earnings reports this season. But the E.U. outlook is more troubling, said KC Mathews of UMB Bank.
JPM: 68.73 (+0.27), UMBF: 55.77 (+0.93), UTX: 98.87 (-0.16), BAC: 17.87 (+0.07)
16 Banks to Face Rate-Rigging Probe by 27 Plaintiffs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:41PM CDT
The U.S. District Judge Naomi Reice Buchwald said on Tuesday that she has found a "viable legal theory" that can potentially bring relief to 27 investors who filed individual lawsuits against 16 global banks for allegedly rigging LIBOR.
BCS: 17.45 (-0.12), JPM: 68.73 (+0.27), C: 58.74 (+0.27), CS: 29.16 (-0.15), HSBC: 46.18 (+0.88), DB: 34.06 (+0.04), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), SCHW: 35.38 (+0.17)
Why Bank of America Is Still in Trouble
at The Street - Wed Aug 05, 3:00PM CDT
The bank has yet to switch from dealing with legacy crisis issues to a business-growth mode.
BAC: 17.87 (+0.07)
JPMorgan to Ease Jumbo Mortgages Terms: Growth Ahead? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:30PM CDT
JPMorgan (JPM) is planning to relax the prerequisites for "jumbo" mortgages.
JPM: 68.73 (+0.27), BAC: 17.87 (+0.07), WFC: 57.65 (-0.17), PNC: 98.58 (+0.66)
The Legal Barrier to Bank of America’s Growth
John Maxfield, The Motley Fool - Motley Fool - Wed Aug 05, 9:37AM CDT
Over the past two decades, Bank of America has grown more than tenfold , increasing the size of its balance sheet from less than $200 billion in the mid-1990s to almost $2.2 trillion today. But current and prospective investors in the nation's...
USB: 45.43 (+0.21), BAC: 17.87 (+0.07)
Next Resistance Level for Bank of America (BAC) is $18.03
Comtex SmarTrend(R) - Wed Aug 05, 9:31AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $17.81 and have already reached the first level of resistance at $17.92. Investors may be interested in a cross of the next upside pivot targets of $18.03 and $18.25.
BAC: 17.87 (+0.07)
World's Top Professional Wheelchair Athletes Compete This Fall in 2015 Chicago-New York Challenge in Preview of New Abbott World Marathon Majors Series
Business Wire - Wed Aug 05, 9:00AM CDT
he world's top professional wheelchair athletes will go head-to-head in the first Chicago-New York Challenge; it was announced today by Carey Pinkowski, executive race director of the Bank of America Chicago Marathon and Peter Ciaccia, president of events for New York Road Runners and race director of the TCS New York City Marathon.
BAC: 17.87 (+0.07)
Why You Can Make a Lot of Money Selling Bank of America Stock Now
at The Street - Wed Aug 05, 8:37AM CDT
Technical analysis shows that a rare, triple bearish divergence is appearing on shares of Bank of America. This stock is poised for a big selloff.
BAC: 17.87 (+0.07)
Peabody, Arch Coal May File Chapter 11 Bankruptcy on Obama Rules
at The Street - Wed Aug 05, 8:16AM CDT
Alpha Natural Resources, the nation's largest producer, filed for bankruptcy the day the final version of the Clean Power Plan was unveiled. Arch Coal and Peabody Energy could be next.
CNX: 13.90 (-0.56), BTU: 1.10 (+0.08), ACI: 1.05 (-0.46), DB: 34.06 (+0.04), BAC: 17.87 (+0.07)
Stratasys Upgraded; TransUnion, Milacron Initiated
at Investor's Business Daily - Tue Aug 04, 3:28PM CDT
Stratasys (SSYS) was upgraded on Tuesday, a day after rival 3D Systems' (DDD) price target was lowered. JPMorgan upgraded Stratasys to overweight. Last week, the 3-D printer maker gave light guidance. On Monday, Needham lowered 3D Systems' price...
MMM: 151.01 (+0.61), DDD: 11.70 (-0.09), CS: 29.16 (-0.15), COP: 49.12 (-0.75), BAC: 17.87 (+0.07), TRU: 26.65 (+0.91), PXD: 125.60 (+0.77), GS: 205.70 (+0.53), VA: 35.12 (-1.11), JPM: 68.73 (+0.27), SSYS: 28.00 (-0.40), MCRN: 17.15 (+0.52), TMUS: 40.74 (-0.47), APC: 74.01 (-0.29)
The History of Banking in One Chart
John Maxfield, The Motley Fool - Motley Fool - Tue Aug 04, 3:14PM CDT
When it comes to banking, or investing in bank stocks, few things are as important as history . It's my opinion, in fact, that a deep and visceral appreciation for the historical swings of the credit cycle is a necessary competitive advantage for...
JPM: 68.73 (+0.27), WFC: 57.65 (-0.17), BAC: 17.87 (+0.07)
CIT Group Completes OneWest Deal: What to Expect Now? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 3:10PM CDT
CIT Group completed the acquisition of OneWest, leading to the formation of a systematically important entity.
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07), CIT: 46.84 (-0.14)
Goldman (GS) Raises Legal Loss Estimates by 55% to $5.9B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 2:10PM CDT
In its latest quarterly filing, The Goldman Sachs Group, Inc. (GS) raised estimates for potential legal losses by 55% to $5.9 billion. According to sources, the increase is triggered by a probable settlement with authorities regarding risky mortgage-backed securities.
GS: 205.70 (+0.53), JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.41 (+0.02), TSC: 12.81 (+0.05), BOKF: 67.35 (+0.56), C: 58.74 (+0.27), BNCN: 23.13 (+0.01), BAC: 17.87 (+0.07), BK: 44.40 (+0.51), ACFC: 5.40 (+0.32)
BB&T Closes Susquehanna Deal: More Acquisition in Cards? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 12:25PM CDT
BB&T completed the acquisition of Susquehanna. Can we expect more opportunistic buyouts going forward?
BBT: 40.87 (+0.23), C: 58.74 (+0.27), BAC: 17.87 (+0.07), BK: 44.40 (+0.51)
Appeals court revives antitrust lawsuit over ATM fees
AP - Tue Aug 04, 10:51AM CDT
WASHINGTON (AP) — A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers.
JPM: 68.73 (+0.27), WFC: 57.65 (-0.17), BAC: 17.87 (+0.07)
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America - Press Releases
Zacks Equity Research - Zacks Investment Research - Tue Aug 04, 8:30AM CDT
Zacks Industry Outlook Highlights: Citigroup, JPMorgan Chase and Bank of America
JPM: 68.73 (+0.27), C: 58.74 (+0.27), BAC: 17.87 (+0.07)
Houlihan Lokey Sets IPO Range, Seeks Valuation of $1.5B
at The Street - Mon Aug 03, 5:52PM CDT
The markets have been kind to investment banks that derive more of their revenues from advisory services.
GS: 205.70 (+0.53), GHL: 39.29 (-0.53), LAZ: 54.28 (-0.03), JMP: 7.42 (+0.05), EVR: 58.34 (-0.36), PJC: 43.63 (-0.38), BAC: 17.87 (+0.07), UBS: 22.78 (+0.02), MC: 30.22 (-0.22), IX: 74.79 (+0.85)
U.S. Bancorp, Zions Team Up to Provide Tax Equity Financing - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Aug 03, 4:25PM CDT
U.S. Bancorp (USB) and Zions Bancorporation (ZION) have taken a "sustainable" step forward. These banks, together, will provide tax equity financing for a renewable project in Arizona, reflecting their increasing focus on sustainable energy and clean technology.
GS: 205.70 (+0.53), USB: 45.43 (+0.21), C: 58.74 (+0.27), BAC: 17.87 (+0.07), ZION: 31.24 (+0.41)
4 Important Updates from Bank of America's Recently Filed 10-Q
John Maxfield, The Motley Fool - Motley Fool - Mon Aug 03, 4:14PM CDT
With Bank of America 's second-quarter earnings in the rearview mirror -- and an excellent quarter it was! -- the second and more substantive phase of the publicly traded bank's earnings ritual kicked off last week with the filing of its...
BAC: 17.87 (+0.07)
Eurozone Slowdown Poses More Danger to U.S. Economy Than China
at The Street - Mon Aug 03, 4:05PM CDT
The Chinese economy has been losing steam, and that's showing up in earnings reports this season. But the E.U. outlook is more troubling, said KC Mathews of UMB Bank.
JPM: 68.73 (+0.27), UMBF: 55.77 (+0.93), UTX: 98.87 (-0.16), BAC: 17.87 (+0.07)
