Bank of America Corp (BAC) 13.60 $BAC
Zacks Research Daily for June 13, 2016
Sheraz Mian - Zacks Investment Research - 2 hrs 37 mins ago
Zacks Research Daily for June 13, 2016
FIT: 13.82 (-0.28), TROW: 71.72 (-1.11), BAC: 13.60 (-0.23), INTC: 32.17 (+0.13), JNPR: 23.02 (+0.07)
Stock Market News for June 13, 2016
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 9:10AM CDT
Benchmarks ended in the red for the second consecutive day on Friday as concerns regarding “Brexit” raised global growth worries
PXD: 160.68 (+1.13), GS: 148.63 (-1.26), JPM: 63.27 (-0.57), C: 43.16 (-0.74), EOG: 81.39 (-0.17), XOM: 90.59 (+0.61), COP: 43.88 (-0.63), WFC: 47.97 (-0.37), BAC: 13.60 (-0.23), CVX: 102.10 (+0.12), BHI: 45.50 (-0.44)
US stocks give up recent gains as oil prices sink
By MARLEY JAY - AP - Fri Jun 10, 4:19PM CDT
NEW YORK (AP) — U.S. stocks skidded Friday in a wave of selling that wiped out most of the market's gains from earlier this week. A drop in oil prices took energy companies sharply lower. Investors were also troubled by a poll showing Britain may be more likely to leave the European Union.
WLK: 44.89 (-1.51), JPM: 63.27 (-0.57), C: 43.16 (-0.74), COP: 43.88 (-0.63), BAC: 13.60 (-0.23), VZ: 52.57 (-0.10), HRB: 23.75 (-0.48)
Markets Right Now: Stocks tumble as energy companies fall
AP - Fri Jun 10, 3:28PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
JPM: 63.27 (-0.57), C: 43.16 (-0.74), COP: 43.88 (-0.63), BAC: 13.60 (-0.23)
Court says Bank of America must disclose communications
By MICHAEL VIRTANEN - AP - Thu Jun 09, 3:50PM CDT
ALBANY, N.Y. (AP) — New York's highest court ruled Thursday that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The insurer, Ambac Assurance Corp., claims in a lawsuit that Countrywide illegally misrepresented its mortgage-backed securities.
BAC: 13.60 (-0.23)
Markets Right Now: Stocks pull back after 3 days of gains
AP - Thu Jun 09, 3:11PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
BAC: 13.60 (-0.23), WFC: 47.97 (-0.37)
Watch for Bank of America to Potentially Rebound After Falling 1.94% Yesterday
Comtex SmarTrend(R) - Thu Jun 09, 11:45AM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $14.08 to a high of $14.32. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $14.30 on volume of 45.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 13.60 (-0.23)
Bank of America Set to Possibly Rebound After Yesterday's Selloff of 1.94%
Comtex SmarTrend(R) - Thu Jun 09, 11:44AM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $14.08 to a high of $14.32. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $14.30 on volume of 45.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 13.60 (-0.23)
5 European Stocks to Buy as ECB Unleashes More Stimulus
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 9:56AM CDT
ECB launched corporate bond purchases for the first time ever on June 8, adding investment grade credit to its asset purchases.
BUD: 123.94 (-1.55), GS: 148.63 (-1.26), TEF: 9.59 (-0.13), FCAU: 6.64 (-0.23), BAC: 13.60 (-0.23)
Bank of America (BAC) Breaks Through Support at $14.33
Comtex SmarTrend(R) - Thu Jun 09, 8:34AM CDT
Shares of Bank of America (NYSE:BAC) opened today below their pivot of $14.40 and have already reached the first level of support at $14.33. Analysts will be watching for a cross of the next downside pivot targets of $14.24 and $14.08.
BAC: 13.60 (-0.23)
Bank of America trade offers a 20% return in 60 days, or find similar option trades on Visa, Cheniere Energy , Constellation Brands, and The Home Depot Inc.
PR Newswire - Thu Jun 09, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for BAC, V, LNG, STZ and HD.
HD: 127.83 (-1.00), V: 78.40 (-1.78), LNG: 33.24 (-0.98), STZ: 152.88 (-0.52), BAC: 13.60 (-0.23)
Goldman (GS) Cuts Jobs in Russia on Lower Profits & Deals
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:21AM CDT
Following disappointing first-quarter 2016 results, The Goldman Sachs Group, Inc. (GS) has cut jobs in Russia recently with more anticipated by the end of summer, according to Reuters.
GS: 148.63 (-1.26), CS: 12.09 (-0.34), DB: 15.18 (-0.56), BAC: 13.60 (-0.23)
Bank of America Strengthens Environmental, Social and Governance (ESG) Focus
BusinessWire - Thu Jun 09, 8:00AM CDT
To further expand how Bank of America is creating long-term value across Environmental, Social and Governance (ESG) factors, today the company shares progress made to deliver on its purpose of helping make financial lives better for customers, clients and communities around the world. The Business Standards Report, first published earlier this year, plus the ESG Addendum, together detail how the company is delivering responsible, sustainable growth - making the business more efficient, helping employees realize their potential and helping local communities around the world address their biggest challenges.
BAC: 13.60 (-0.23)
Not The Right Time To Buy Bank Of America Stock
Jack Foley - Amigobulls - Thu Jun 09, 3:50AM CDT
Poor US jobs number announced last week will ensure that the Fed won't raise interest rates which is bearish for Bank of America.
BAC: 13.60 (-0.23)
BofA Merrill Lynch Launches Instinct(R) Loans Electronic Syndicated Loan Trading Platform
BusinessWire - Wed Jun 08, 2:28PM CDT
Bank of America Merrill Lynch today announced the launch of a new electronic platform, Instinct(R) Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm's ongoing commitment to providing liquidity to clients, strives to simplify and enhance the market by combining innovative technology with market-leading sales and trading professionals.
BAC: 13.60 (-0.23)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
JPM: 63.27 (-0.57), FNFG: 10.38 (-0.14), C: 43.16 (-0.74), BAC: 13.60 (-0.23), KEY: 12.08 (-0.17)
Why Banking Stocks Tumbled on Dismal Jobs Data for May
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:07AM CDT
The U.S. equity markets closed lower on Friday mainly led by a fall in financial stocks. Disappointing May jobs report was the reason for decline.
RF: 9.36 (-0.16), BBT: 35.77 (-0.15), JPM: 63.27 (-0.57), C: 43.16 (-0.74), MTB: 117.69 (+0.14), BAC: 13.60 (-0.23), WFC: 47.97 (-0.37), KEY: 12.08 (-0.17)
US stocks, dollar slide after weak jobs report
By ALEX VEIGA - AP - Fri Jun 03, 4:05PM CDT
Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.
C: 43.16 (-0.74), BAC: 13.60 (-0.23), SCHW: 28.14 (-0.31)
Zacks Research Daily for June 13, 2016
Sheraz Mian - Zacks Investment Research - 2 hrs 37 mins ago
Zacks Research Daily for June 13, 2016
FIT: 13.82 (-0.28), TROW: 71.72 (-1.11), BAC: 13.60 (-0.23), INTC: 32.17 (+0.13), JNPR: 23.02 (+0.07)
Stock Market News for June 13, 2016
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 9:10AM CDT
Benchmarks ended in the red for the second consecutive day on Friday as concerns regarding “Brexit” raised global growth worries
PXD: 160.68 (+1.13), GS: 148.63 (-1.26), JPM: 63.27 (-0.57), C: 43.16 (-0.74), EOG: 81.39 (-0.17), XOM: 90.59 (+0.61), COP: 43.88 (-0.63), WFC: 47.97 (-0.37), BAC: 13.60 (-0.23), CVX: 102.10 (+0.12), BHI: 45.50 (-0.44)
US stocks give up recent gains as oil prices sink
By MARLEY JAY - AP - Fri Jun 10, 4:19PM CDT
NEW YORK (AP) — U.S. stocks skidded Friday in a wave of selling that wiped out most of the market's gains from earlier this week. A drop in oil prices took energy companies sharply lower. Investors were also troubled by a poll showing Britain may be more likely to leave the European Union.
WLK: 44.89 (-1.51), JPM: 63.27 (-0.57), C: 43.16 (-0.74), COP: 43.88 (-0.63), BAC: 13.60 (-0.23), VZ: 52.57 (-0.10), HRB: 23.75 (-0.48)
Markets Right Now: Stocks tumble as energy companies fall
AP - Fri Jun 10, 3:28PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
JPM: 63.27 (-0.57), C: 43.16 (-0.74), COP: 43.88 (-0.63), BAC: 13.60 (-0.23)
Court says Bank of America must disclose communications
By MICHAEL VIRTANEN - AP - Thu Jun 09, 3:50PM CDT
ALBANY, N.Y. (AP) — New York's highest court ruled Thursday that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The insurer, Ambac Assurance Corp., claims in a lawsuit that Countrywide illegally misrepresented its mortgage-backed securities.
BAC: 13.60 (-0.23)
Markets Right Now: Stocks pull back after 3 days of gains
AP - Thu Jun 09, 3:11PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
BAC: 13.60 (-0.23), WFC: 47.97 (-0.37)
Watch for Bank of America to Potentially Rebound After Falling 1.94% Yesterday
Comtex SmarTrend(R) - Thu Jun 09, 11:45AM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $14.08 to a high of $14.32. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $14.30 on volume of 45.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 13.60 (-0.23)
Bank of America Set to Possibly Rebound After Yesterday's Selloff of 1.94%
Comtex SmarTrend(R) - Thu Jun 09, 11:44AM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $14.08 to a high of $14.32. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $14.30 on volume of 45.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 13.60 (-0.23)
5 European Stocks to Buy as ECB Unleashes More Stimulus
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 9:56AM CDT
ECB launched corporate bond purchases for the first time ever on June 8, adding investment grade credit to its asset purchases.
BUD: 123.94 (-1.55), GS: 148.63 (-1.26), TEF: 9.59 (-0.13), FCAU: 6.64 (-0.23), BAC: 13.60 (-0.23)
Bank of America (BAC) Breaks Through Support at $14.33
Comtex SmarTrend(R) - Thu Jun 09, 8:34AM CDT
Shares of Bank of America (NYSE:BAC) opened today below their pivot of $14.40 and have already reached the first level of support at $14.33. Analysts will be watching for a cross of the next downside pivot targets of $14.24 and $14.08.
BAC: 13.60 (-0.23)
Bank of America trade offers a 20% return in 60 days, or find similar option trades on Visa, Cheniere Energy , Constellation Brands, and The Home Depot Inc.
PR Newswire - Thu Jun 09, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for BAC, V, LNG, STZ and HD.
HD: 127.83 (-1.00), V: 78.40 (-1.78), LNG: 33.24 (-0.98), STZ: 152.88 (-0.52), BAC: 13.60 (-0.23)
Goldman (GS) Cuts Jobs in Russia on Lower Profits & Deals
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:21AM CDT
Following disappointing first-quarter 2016 results, The Goldman Sachs Group, Inc. (GS) has cut jobs in Russia recently with more anticipated by the end of summer, according to Reuters.
GS: 148.63 (-1.26), CS: 12.09 (-0.34), DB: 15.18 (-0.56), BAC: 13.60 (-0.23)
Bank of America Strengthens Environmental, Social and Governance (ESG) Focus
BusinessWire - Thu Jun 09, 8:00AM CDT
To further expand how Bank of America is creating long-term value across Environmental, Social and Governance (ESG) factors, today the company shares progress made to deliver on its purpose of helping make financial lives better for customers, clients and communities around the world. The Business Standards Report, first published earlier this year, plus the ESG Addendum, together detail how the company is delivering responsible, sustainable growth - making the business more efficient, helping employees realize their potential and helping local communities around the world address their biggest challenges.
BAC: 13.60 (-0.23)
Not The Right Time To Buy Bank Of America Stock
Jack Foley - Amigobulls - Thu Jun 09, 3:50AM CDT
Poor US jobs number announced last week will ensure that the Fed won't raise interest rates which is bearish for Bank of America.
BAC: 13.60 (-0.23)
BofA Merrill Lynch Launches Instinct(R) Loans Electronic Syndicated Loan Trading Platform
BusinessWire - Wed Jun 08, 2:28PM CDT
Bank of America Merrill Lynch today announced the launch of a new electronic platform, Instinct(R) Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm's ongoing commitment to providing liquidity to clients, strives to simplify and enhance the market by combining innovative technology with market-leading sales and trading professionals.
BAC: 13.60 (-0.23)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
JPM: 63.27 (-0.57), FNFG: 10.38 (-0.14), C: 43.16 (-0.74), BAC: 13.60 (-0.23), KEY: 12.08 (-0.17)
Why Banking Stocks Tumbled on Dismal Jobs Data for May
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:07AM CDT
The U.S. equity markets closed lower on Friday mainly led by a fall in financial stocks. Disappointing May jobs report was the reason for decline.
RF: 9.36 (-0.16), BBT: 35.77 (-0.15), JPM: 63.27 (-0.57), C: 43.16 (-0.74), MTB: 117.69 (+0.14), BAC: 13.60 (-0.23), WFC: 47.97 (-0.37), KEY: 12.08 (-0.17)
US stocks, dollar slide after weak jobs report
By ALEX VEIGA - AP - Fri Jun 03, 4:05PM CDT
Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.
C: 43.16 (-0.74), BAC: 13.60 (-0.23), SCHW: 28.14 (-0.31)
