Brace for Fallout at BofA, JPMorgan From Fed's Inaction
at The Street - Wed Oct 07, 1:56PM CDT
Companies from Bank of America to JPMorgan and Goldman Sachs may see fallout in third-quarter earnings from the Fed's decision to leave interest rates unchanged, and trading desks won't help.
VIRT: 23.32 (+0.43), GS: 182.23 (+1.91), JPM: 62.13 (+0.08), BAC: 15.75 (+0.06)
Chart: Bank of America Is Closing Branches as Mobile App Users Grow
John Maxfield, The Motley Fool - Motley Fool - Wed Oct 07, 1:22PM CDT
Image credit: iStock/Thinkstock. Bank of America 's business model is in the midst of a dramatic shift, as increased adoption of mobile banking is allowing the nation's second-biggest bank by assets to trim its physical branch count. You can...
BOFI: 140.36 (+5.17), JPM: 62.13 (+0.08), BAC: 15.75 (+0.06)
Fifth Third Resolves Faulty Mortgage Suit; to Pay $85M
Zacks Equity Research - Zacks Investment Research - Wed Oct 07, 10:20AM CDT
Fifth Third Bancorp (FITB) has come up with another settlement within a week related to its faulty lending practices prior to the financial crisis. The Cincinnati - based bank has agreed to resolve civil fraud claims related to mortgage loan practices with the settlement amount of $85 million.
FITB: 19.04 (+0.09), JPM: 62.13 (+0.08), C: 51.32 (+0.26), BAC: 15.75 (+0.06)
How to Trade 4 'Too Big to Fail' Banks in Earnings Season
at The Street - Wed Oct 07, 8:48AM CDT
The four 'too big to fail' banks have been lagging the market over the last few trading sessions and face technical 'death crosses.' Here's how to trade them.
JPM: 62.13 (+0.08), C: 51.32 (+0.26), BAC: 15.75 (+0.06), WFC: 52.19 (+0.16)
Here’s Why Bank of America’s Trading Operations Weigh on Its Share Price
John Maxfield, The Motley Fool - Motley Fool - Tue Oct 06, 12:13PM CDT
Image credit: iStock/Thinkstock. Trading operations are a necessary evil for the nation's biggest banks, including Bank of America . While the activity generates high-margin income, profits and losses from trading are notoriously volatile. You...
BAC: 15.75 (+0.06)
Why is Citi Cutting Finance to Coal Mining Companies?
Zacks Equity Research - Zacks Investment Research - Tue Oct 06, 10:20AM CDT
Amid the heightened fossil fuel divestment movement that calls for offloading investments in fossil fuel companies, Citigroup Inc. (C) revealed that it is set to cut its funding pipeline to coal mining companies
IBKR: 39.42 (+0.30), C: 51.32 (+0.26), STI: 39.55 (+0.35), BAC: 15.75 (+0.06)
This Market Is Creating Some Amazing Opportunities
at The Street - Mon Oct 05, 12:00PM CDT
But it isn't easy to invest when pessimism is high.
NOV: 40.47 (-0.22), AXP: 77.18 (+0.27), WFC: 52.19 (+0.16), BAC: 15.75 (+0.06), BRK.B: 132.68 (+1.49), BRK.A: 199,000.00 (+2,280.00)
Impact of Regulation on Transaction Services for Bay Area Companies Headlines Meeting of AT30
Business Wire - Mon Oct 05, 12:00PM CDT
In conjunction with The NeuGroup's Assistant Treasurers' Group of Thirty (AT30) meeting that took place September 29-30, Bank of America Merrill Lynch shared experiences and best practices about working through these changes with treasury leadership from several Bay Area corporations.
BAC: 15.75 (+0.06)
Bank of America (BAC) Breaks Through Resistance at $15.63
Comtex SmarTrend(R) - Mon Oct 05, 9:32AM CDT
Bank of America (NYSE:BAC) has opened bullishly above the pivot of $15.13 today and has reached the first level of resistance at $15.63. Should the shares continue to rise, the resistance pivots of $15.88 and $16.63 will be of interest.
BAC: 15.75 (+0.06)
Bank of America and Habitat for Humanity Launch Second Global Build
Business Wire - Mon Oct 05, 9:00AM CDT
In recognition of the United Nations' World Habitat Day, Bank of America, in partnership with Habitat for Humanity International, is launching its second Global Build, taking place in eight countries around the world. During one week and across 11 time zones, the Global Build will feature the first-ever home build in New York City's Bryant Park, where volunteers will build in partnership with a local Habitat family. The projects taking place during Global Build aim to address affordable housing challenges, revitalize communities and help families around the world improve their living conditions and achieve home ownership.
BAC: 15.75 (+0.06)
Alcoa, Bank of America and Apple are part of Zacks Earnings Preview:
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 8:30AM CDT
Alcoa, Bank of America and Apple are part of Zacks Earnings Preview:
AA: 10.94 (-0.04), BAC: 15.75 (+0.06), AAPL: 110.78 (-0.53)
The Zacks Analyst Blog Highlights: Bank of America, M&T Bank, BB&T, Fifth Third Bancorp and Wells Fargo
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of America, M&T Bank, BB&T, Fifth Third Bancorp and Wells Fargo
FITB: 19.04 (+0.09), BBT: 36.81 (+0.39), MTB: 119.62 (+2.19), WFC: 52.19 (+0.16), BAC: 15.75 (+0.06)
6 Things to Watch For When Bank of America Reports Earnings
John Maxfield, The Motley Fool - Motley Fool - Mon Oct 05, 7:48AM CDT
Image source: iStock/Thinkstock. The end of September marks the beginning of third-quarter earnings season. To help prepare Bank of America investors, here are the six most important things to watch for when the nation's second biggest bank...
BAC: 15.75 (+0.06)
German Federal Office for Information Security Joins FIDO Alliance to Advance Adoption of Simpler, Stronger Authentication in Europe
Marketwired - Mon Oct 05, 7:01AM CDT
The FIDO (Fast IDentity Online) Alliance (https://www.fidoalliance.org/), an industry consortium launched in 2013 to revolutionize online security with open standards for simpler, stronger authentication, today announces that the German Federal Office for Information Security (BSI-Bundesamt fuer Sicherheit in der Informationstechnik) is the latest to join the Alliance under the government membership program launched earlier this year. Through the program, which includes the U.S. and U.K., governments of the world engage directly with the FIDO Alliance to inform the development of FIDO standards and accelerate worldwide adoption.
SYNA: 83.73 (+0.84), BAC: 15.75 (+0.06), DCM: 17.82 (+0.18), NXPI: 84.94 (+0.21), INTC: 32.31 (+0.57), GOOG: 642.36 (-3.08), DFS: 55.25 (+0.69), V: 73.22 (+1.14), EBAY: 25.68 (unch), QCOM: 56.61 (+0.29), ARMH: 43.53 (+0.19), MSFT: 46.80 (+0.05), MA: 95.18 (+1.26), BABA: 66.28 (+2.36)
3 Simple Ways to Visualize Bank of America
John Maxfield, The Motley Fool - Motley Fool - Sat Oct 03, 8:27AM CDT
Image source: Getty Images News/Thinkstock. I've followed Bank of America closely for four years now, but am still often perplexed at its complexity. To simplify the $2.2 trillion bank in my own mind, I think about ways to visualize it with...
BAC: 15.75 (+0.06)
Stock market shakes off an early stumble, ends higher
By MATTHEW CRAFT - AP - Fri Oct 02, 6:16PM CDT
NEW YORK (AP) — News of slower hiring last month jolted markets early Friday, driving government bonds up and the dollar down. The stock market, after slumping in early trading, finished the day with a solid gain.
JPM: 62.13 (+0.08), XOM: 79.20 (+1.31), BAC: 15.75 (+0.06), CVX: 88.12 (+1.13)
The Economic Impact of the Bank of America Chicago Marathon
Andrew Steele - Zacks Investment Research - Fri Oct 02, 5:10PM CDT
The Bank of America Chicago Marathon is one of the world's largest running event. Tens of thousands participate in the marathon, while millions observe. Because there is a large influx of out-of-state individuals flocking to Chicago, the local economy does benefit, but by how much?
HLT: 24.21 (+0.42), NKE: 122.10 (-1.09), AAL: 39.31 (+1.18), BAC: 15.75 (+0.06), PEP: 98.52 (+1.45)
Sprint and Bank of America are big market movers
AP - Fri Oct 02, 4:32PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
MU: 18.62 (+0.40), SSO.TO: 9.79 (+0.10), SVU: 7.45 (+0.12), S: 4.59 (+0.16), CUDA: 19.11 (+0.34), SSRI: 7.49 (+0.05), BAC: 15.75 (+0.06), TMUS: 40.37 (-0.28)
Bank Stocks Hit As Weak Jobs Data Flattens Yield Curve
at Investor's Business Daily - Fri Oct 02, 3:54PM CDT
The weak September jobs report had a silver lining for most stocks: The Federal Reserve will be less likely to raise interest rates this year. But for JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C), it's just another...
RF: 9.21 (+0.12), GS: 182.23 (+1.91), JPM: 62.13 (+0.08), USB: 41.79 (+0.30), C: 51.32 (+0.26), WFC: 52.19 (+0.16), BAC: 15.75 (+0.06)
Watch for Bank of America to Potentially Rebound After Falling 1.09% Yesterday
Comtex SmarTrend(R) - Fri Oct 02, 3:45PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $14.63 to a high of $15.38. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $15.25 on volume of 181.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 15.75 (+0.06)