GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Donald Trump vs. Hillary Clinton: How Would Investors Fare?
at The Street - Thu Mar 31, 12:15PM CDT
This year's insanely unpredictable race for the White House is rattling investors' nerves. We examine which stocks and sectors would perform best under the respective political parties.
LMT: 221.50 (-1.46), JPM: 59.22 (-0.49), RTN: 122.63 (-1.13), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Stock Market News for March 31, 2016
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 9:10AM CDT
Fed Chairwoman Janet Yellen’s dovish comments continued to help benchmarks end in the green on Wednesday.
ADP: 89.71 (+0.56), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), MET: 43.94 (-0.79), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)
Tweets on the Street: Mobile Banking Heats Up, Emerging Markets Re-emerge
at The Street - Wed Mar 30, 3:53PM CDT
There also was a buzz over Bank of America's overhaul of its parental leave plans.
BLK: 340.57 (-0.80), BAC: 13.52 (+0.04)
3 Things to Watch in Friday's March Jobs Report
at The Street - Wed Mar 30, 3:52PM CDT
The March labor report will be released on Friday by the Bureau of Labor Statistics.
BAC: 13.52 (+0.04)
Oil Rally Brings Little Relief to U.S. Energy Lenders Like Comerica
at The Street - Wed Mar 30, 12:23PM CDT
While oil prices have rebounded this month, the gains won't be much help to companies that borrowed money from banks like Comerica and Citigroup when prices were above $100.
BTU: 2.32 (-0.12), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), WTI: 2.19 (-0.01), LINE: 0.36 (-0.02), CMA: 37.87 (-0.36), VNR: 1.46 (-0.07)
Bill Gross Says Low Rates Are Stretching Markets to the Breaking Point
at The Street - Wed Mar 30, 10:59AM CDT
Investors can't make money when money yields nothing, 'Bond King' Bill Gross argues. The U.S. and other developed countries need to produce economic growth soon, he says, "or else."
JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04)
Bank of America (BAC) Breaks Through Resistance at $13.55
Comtex SmarTrend(R) - Wed Mar 30, 9:06AM CDT
Shares of Bank of America (NYSE:BAC) have bullishly opened above the pivot of $13.41 today and have reached the first resistance level of $13.55. Analysts will be watching for a cross of the next upside pivot targets of $13.69 and $13.97.
BAC: 13.52 (+0.04)
Global stocks advance as investors welcome Fed assurance
By TERESA CEROJANO - AP - Wed Mar 30, 7:23AM CDT
MANILA, Philippines (AP) — Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates.
FITB: 16.69 (-0.18), HES: 52.65 (+1.68), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AAPL: 108.99 (-0.57)
Investment Banking Revenues Lowest Since Crisis
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 2:28PM CDT
Global investment banking revenues in the quarter declined 36% year over year to $12.8 billion and marked "the lowest quarterly total since 1Q 2009."
GS: 156.98 (+0.48), JPM: 59.22 (-0.49), C: 41.75 (-0.13), BAC: 13.52 (+0.04), MS: 25.01 (-0.06)
Banks in Trouble: ISDAfix Manipulation Charges on Board
Zacks Equity Research - Zacks Investment Research - Tue Mar 29, 1:45PM CDT
The attempts of more than a dozen global banks suffered a major setback after a federal judge in Manhattan rejected their bid to discard a private lawsuit yesterday.
BCS: 8.62 (-0.09), C: 41.75 (-0.13), CS: 14.13 (-0.09), HSBC: 31.12 (-0.37), DB: 16.94 (-0.18), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), UBS: 16.02 (-0.32), RBS: 6.38 (-0.05), GS: 156.98 (+0.48), JPM: 59.22 (-0.49), NMR: 4.44 (-0.01)
eBay Joins FIDO Alliance and Announces FIDO Certified Open Source Authentication Server and Android Client
Marketwired - Tue Mar 29, 8:01AM CDT
eBay today announced its membership in the FIDO Alliance and its FIDO(R) Certified open source authentication server based on the FIDO UAF protocol. Standing with leading industry members among device manufacturers and software vendors, eBay is the first e-commerce company to directly achieve FIDO certification, and the first to open source a FIDO UAF authentication server. This is the latest development in eBay's mission to foster dynamic collaboration and create expansive opportunity across the technology community at large.
AXP: 61.40 (+1.11), SYNA: 79.74 (+1.58), PYPL: 38.60 (-0.44), BAC: 13.52 (+0.04), NXPI: 81.07 (-0.68), INTC: 32.35 (-0.36), AET: 112.35 (-1.84), GOOG: 744.95 (-5.58), VDSI: 15.40 (+0.03), V: 76.48 (-0.30), EBAY: 23.86 (-0.18), QCOM: 51.14 (+0.15), ARMH: 43.69 (-0.41), ING: 11.93 (-0.33), MSFT: 55.23 (+0.18), MA: 94.50 (+0.69)
Goldman Sachs Amends 'Warn Notice' With Higher Job Cuts
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 1:40PM CDT
The Goldman Sachs Group, Inc. (GS) expanded this year's job cut plan, as it updated the list filed with the New York State Department of Labor
GS: 156.98 (+0.48), CS: 14.13 (-0.09), DB: 16.94 (-0.18), BAC: 13.52 (+0.04)
Credit Suisse (CS) Settles RMBS Case with NCUA for $29M
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 9:20AM CDT
On Thursday, Swiss Bank ??? Credit Suisse Group AG (CS) agreed to a settlement by paying $29 million to the U.S. regulator for credit unions ??? National Credit Union Administration (NCUA) ??? related to the RMBS lawsuit.
USB: 40.59 (-0.40), CS: 14.13 (-0.09), BAC: 13.52 (+0.04), MS: 25.01 (-0.06)
A Snapshot of the 6 Cheapest Megacap Stocks
Sean Williams, The Motley Fool - Motley Fool - Mon Mar 28, 7:37AM CDT
Image source: Flickr user Jim Makos. Investors have experienced quite the rollercoaster ride in 2016. Volatility is always present in the stock market to some degree, but the near-immediate 10% plunge in all three major U.S. indexes that began the...
JPM: 59.22 (-0.49), GILD: 91.86 (-0.11), C: 41.75 (-0.13), HSBC: 31.12 (-0.37), TM: 106.32 (-1.28), BAC: 13.52 (+0.04)
7 Big-Volume Stocks to Add to Your Buy List This Week
at The Street - Mon Mar 28, 7:02AM CDT
Here's a technical look at how to trade some of the most active stock on the market right now.
SPLS: 11.03 (+0.02), AMZN: 593.64 (-5.05), USO: 9.70 (-0.03), TIVO: 9.51 (-0.04), P: 8.95 (-0.55), ODP: 7.10 (-0.28), BAC: 13.52 (+0.04), AAPL: 108.99 (-0.57)
Week Ahead: Energy Sector's Debt Bomb Ready to Explode
at The Street - Sun Mar 27, 1:02PM CDT
We spotlight the energy and bank stocks to watch in the week ahead, as their distressed balance sheets come to the fore amid a renewed decline in oil prices.
C: 41.75 (-0.13), COP: 40.27 (+0.19), BAC: 13.52 (+0.04), SDRL: 3.30 (+0.02), PBR: 5.84 (-0.02), JPM: 59.22 (-0.49), RIG: 9.14 (+0.25), CHK: 4.12 (+0.11), LINE: 0.36 (-0.02), MRO: 11.14 (+0.61), BHI: 43.83 (+0.46), APC: 46.57 (+0.18), XLE: 61.89 (-0.03)
Mortgage loans, grants helping Detroit in city's comeback
AP - Sun Mar 27, 11:38AM CDT
DETROIT (AP) — Banks and other lending companies are making capital available to home buyers and businesses in Detroit. Some lending and grant programs have included:
BAC: 13.52 (+0.04)
Bank of America Is Cheap, but That Doesn't Mean You Should Buy
Jay Jenkins, The Motley Fool - Motley Fool - Sun Mar 27, 10:28AM CDT
No matter how you slice it, Bank of America 's stock is flat-out cheap right now. Price to book value? B of A trades at roughly 60% the level of JPMorgan Chase and 40% of Wells Fargo . On a forward-looking price-to-earnings basis, B of A's 8.9...
BAC: 13.52 (+0.04)
Why Channeling Warren Buffett Might Make You Wary of Bank Buybacks
at The Street - Sun Mar 27, 7:00AM CDT
Banks from JPMorgan Chase to Wells Fargo and Capital One have expanded repurchase programs this year as finance stocks plummeted. Ultimately, says banking analyst Dick Bove, that's a bad thing.
JPM: 59.22 (-0.49), COF: 69.31 (+0.16), BAC: 13.52 (+0.04), WFC: 48.36 (-0.29)