Jim Cramer -- Why You Must Own Apple, Starbucks and Biogen in November
at The Street - Sat Oct 31, 9:15AM CDT
There's still a lot of weakness across many sectors, Cramer says. That's why these are the 3 stocks to own.
SBUX: 62.57 (+0.07), BIIB: 290.51 (-3.21), JPM: 64.25 (-0.96), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), AAPL: 119.50 (-1.03)
The 3 Simple Keys to Operating an Exceptional Bank
John Maxfield, The Motley Fool - Motley Fool - Sat Oct 31, 8:49AM CDT
Want to know why banks like Wells Fargo and U.S. Bancorp have outperformed Bank of America and Citigroup over the past two decades? The slideshow below offers an answer. In short, Bank of America and Citigroup got carried away chasing...
USB: 42.18 (-0.82), C: 53.17 (-0.49), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31)
Bank of America Corporation Filed Quarterly Report on Form 10-Q
Business Wire - Fri Oct 30, 7:17PM CDT
Bank of America Corporation filed its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2015 with the U.S. Securities and Exchange Commission ("SEC"
BAC: 16.78 (-0.31)
Q3 Earnings Season: Revenue Weakness Stands Out
Sheraz Mian - ZACKS - Fri Oct 30, 4:46PM CDT
Q3 Earnings Season: Revenue Weakness Stands Out
LNKD: 240.87 (+23.87), FB: 101.97 (-2.91), XOM: 82.74 (+0.51), BAC: 16.78 (-0.31), GOOGL: 737.39 (-7.46), CVX: 90.88 (+0.99), MSFT: 52.64 (-0.72), AAPL: 119.50 (-1.03)
Fed Proposes 'Too Big To Fail' Bank Buffer Rules
at Investor's Business Daily - Fri Oct 30, 4:37PM CDT
The Federal Reserve Board proposed long-awaited rules for reining in losses from institutions deemed "too big to fail." It requires the eight largest banks to raise a total of $120 billion in debt that could be converted into equity in a crisis. New...
GS: 187.50 (-2.39), JPM: 64.25 (-0.96), C: 53.17 (-0.49), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MS: 32.97 (-0.57)
Fed looks at way to shift big-bank losses to investors
By MARCY GORDON - AP - Fri Oct 30, 4:03PM CDT
WASHINGTON (AP) — In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would shift the burden to investors.
JPM: 64.25 (-0.96), C: 53.17 (-0.49), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MS: 32.97 (-0.57)
Stocks Fall Back Into Red as Financials Lag
at The Street - Fri Oct 30, 1:55PM CDT
Stocks fall back into the red Friday afternoon as a lag in financial stocks overshadows a push higher by the energy sector.
BUD: 119.33 (+1.59), VRX: 93.77 (-17.73), C: 53.17 (-0.49), FNFG: 10.35 (-0.03), XOM: 82.74 (+0.51), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), KEY: 12.42 (-0.96), SBUX: 62.57 (+0.07), FSLR: 57.07 (+6.08), RDS.A: 52.46 (-0.10), JPM: 64.25 (-0.96), LNKD: 240.87 (+23.87), SCTY: 29.65 (-8.42), CVS: 98.78 (-5.02), BP: 35.70 (-0.01), ABBV: 59.55 (+5.45), XLF: 24.08 (-0.35), CVX: 90.88 (+0.99), PTR: 78.63 (+1.17), XLE: 68.03 (+0.44), STO: 16.16 (+0.19), CL: 66.35 (-2.88)
Bank Stock Roundup: Rate Hike Stance Bring Citigroup, JPMorgan in Focus at the Tail End of Q3 Earnings
Zacks Equity Research - Zacks Investment Research - Fri Oct 30, 1:43PM CDT
Over the last five trading days, all eyes were on the Federal Reserve's two-day FOMC meeting. Additionally, earnings season for the banking stocks was coming to an end.
RF: 9.35 (-0.29), COF: 78.90 (-1.30), JPM: 64.25 (-0.96), C: 53.17 (-0.49), BAC: 16.78 (-0.31)
The Simple Reason Warren Buffett Loves This Stock
John Maxfield, The Motley Fool - Motley Fool - Fri Oct 30, 1:40PM CDT
It's no coincidence that Warren Buffett looks for investments with durable competitive advantages, and that his own company, Berkshire Hathaway , owns 10% of Wells Fargo , the nation's fourth biggest bank by assets . I say that because Wells...
JPM: 64.25 (-0.96), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), TIF: 82.44 (+1.13)
Bank of America's Legal Problems Appear to Be Largely Over
John Maxfield, The Motley Fool - Motley Fool - Fri Oct 30, 10:22AM CDT
If you looked closely, you may have noticed that something was missing from Bank of America 's third-quarter earnings presentation . For the first time in 20 quarters, the $2.15 trillion bank did not include a separate slide revealing its exposure...
BAC: 16.78 (-0.31)
Next Support Level for Bank of America (BAC) is $16.70
Comtex SmarTrend(R) - Fri Oct 30, 10:18AM CDT
Bank of America (NYSE:BAC) has opened bearishly below the pivot of $17.17 today and has reached the first level of support at $16.89. Should the shares continue to fall, the support pivots of $16.70 and $16.23 will be of interest.
BAC: 16.78 (-0.31)
Bank of America to Report Financial Results on January 19, 2016
Business Wire - Fri Oct 30, 9:00AM CDT
Bank of America today announced it will report fourth-quarter 2015 financial results on Tuesday, January 19, 2016. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.
BAC: 16.78 (-0.31)
Bank of America to Participate in the BancAnalysts Association of Boston Conference on November 6
Business Wire - Fri Oct 30, 8:00AM CDT
Dean Athanasia, president of Preferred and Small Business and co-head of Consumer Banking at Bank of America, will participate in the BancAnalysts Association of Boston Conference on Friday, November 6 at 11:30 a.m. Eastern Time.
BAC: 16.78 (-0.31)
Deutsche Bank Retreat Follows JPMorgan, BofA, Citi
at Investor's Business Daily - Thu Oct 29, 3:51PM CDT
Deutsche Bank (DB) said it will shed 35,000 jobs, close operations in 10 countries and suspend its dividend for two years as it posted a $6.6 billion third-quarter loss. Most of the job reductions -- 20,000 of them -- will come via selling off some...
JPM: 64.25 (-0.96), C: 53.17 (-0.49), DB: 27.95 (+0.06), BAC: 16.78 (-0.31)
Stocks Are Slightly Lower; Oil Tops $46
at The Street - Thu Oct 29, 1:55PM CDT
Stocks are slightly lower by mid-afternoon Thursday with the energy sector struggling to stay positive as crude oil tops $46 a barrel.
PSX: 89.05 (+2.62), GPRO: 25.00 (-0.62), PBR.A: 3.99 (+0.06), WBK: 22.37 (-0.16), C: 53.17 (-0.49), PFE: 33.82 (-0.95), AMGN: 158.18 (-2.40), DB: 27.95 (+0.06), PYPL: 36.01 (+0.10), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MGM: 23.19 (+0.39), AGN: 308.47 (+4.09), JPM: 64.25 (-0.96), BP: 35.70 (-0.01), TWC: 189.40 (-2.42), SNY: 50.34 (+0.71), YELP: 22.25 (-0.70), XLF: 24.08 (-0.35), MA: 98.99 (-1.60), XLE: 68.03 (+0.44)
BofI Holding, Inc. Deposits Another Strong Quarter, but One Thing Bears Watching: 3 Takeaways
Jason Hall, The Motley Fool - Motley Fool - Thu Oct 29, 1:40PM CDT
BofI Holding released its first-quarter financial results on Oct. 29, with earnings up 43%, and strong growth -- as we've become accustomed to -- in several key categories. However, growth slowed a touch in a few, so there are some things that bear...
BOFI: 80.01 (-13.04), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31)
The Most Interesting Bank in America
John Maxfield, The Motley Fool - Motley Fool - Thu Oct 29, 12:31PM CDT
The Bank of New York Mellon is an atypical bank. It doesn't have an expansive branch network. It doesn't advertise widely. And it tends to steer away from doing business with normal folk like you and me. It specializes instead in acting as a...
STT: 69.00 (-0.78), JPM: 64.25 (-0.96), USB: 42.18 (-0.82), BAC: 16.78 (-0.31), BK: 41.65 (-0.80)
Stocks Slip as Deutsche Bank Leads Financials Lower
at The Street - Thu Oct 29, 10:35AM CDT
Stocks retreat on Thursday after third-quarter U.S. GDP slows and as Deutsche Bank leads the financial sector lower.
GPRO: 25.00 (-0.62), WBK: 22.37 (-0.16), C: 53.17 (-0.49), PFE: 33.82 (-0.95), DB: 27.95 (+0.06), AMGN: 158.18 (-2.40), COP: 53.35 (-0.27), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), PYPL: 36.01 (+0.10), BWLD: 154.27 (+1.82), MGM: 23.19 (+0.39), AGN: 308.47 (+4.09), JPM: 64.25 (-0.96), TWC: 189.40 (-2.42), XLF: 24.08 (-0.35), YELP: 22.25 (-0.70), SNY: 50.34 (+0.71), MA: 98.99 (-1.60)
The 4 Lowest-Yielding Big Bank Stocks
John Maxfield, The Motley Fool - Motley Fool - Thu Oct 29, 9:20AM CDT
If you were on the hunt for bank stocks with the best potential for dividend increases over the years to come, then there are four big banks in particular that you need to check out: The Bank of New York Mellon , Goldman Sachs , Bank of America ...
GS: 187.50 (-2.39), C: 53.17 (-0.49), BAC: 16.78 (-0.31), BK: 41.65 (-0.80)