Bank of America Corp (BAC) 13.00 $BAC Sonn and Erez PLC

Bank of America Corp (BAC) 13.00 $BAC

Sonn and Erez PLC Investigating Strategic Return Notes Sold to Merrill Lynch Customers-- Former ML Brokers Called Conduct of Merrill Lynch "Borderline Crooked"
GlobeNewswire - Fri Jun 24, 6:30PM CDT
Sonn and Erez, PLC, is investigating claims against Merrill Lynch, who sold Strategic Return Notes ("SRNs". Strategic Return Notes have performed very poorly as these $10 notes fell to fifty cents, resulting in a 90% loss to investors. Merrill Lynch offered and sold approximately $150 million of these volatility notes to approximately 4,000 retail investor accounts in 2010 and 2011. SRNs of Bank of America Corporation ("BAC" are complex notes that do not pay interest but promise investors a variable return based upon the performance of the Investable Volatility Index ("VOL".
BAC: 13.00 (-1.04)


Global stocks tumble after Britain votes to leave the EU
By MARLEY JAY - AP - Fri Jun 24, 5:00PM CDT
NEW YORK (AP) — Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy.
JPM: 59.60 (-4.45), DUK: 82.43 (+0.38), IBM: 146.59 (-8.76), C: 40.30 (-4.16), BAC: 13.00 (-1.04)

Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 3:35PM CDT
The Federal Reserve released the DFAST 2016 results, which reflected the continued stability in the banking system despite the Fed's harsher hypothetical "severely adverse" scenario this time.
GS: 141.86 (-10.80), HBAN: 8.61 (-0.82), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), BK: 37.99 (-3.55), MS: 24.52 (-2.77)

After Yesterday's Decline of 6.84%, Bank of America Offers Investors Better Value
Comtex SmarTrend(R) - Fri Jun 24, 12:10PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $12.99 to a high of $13.44. Yesterday, the shares fell 6.8%, which took the trading range below the 3-day low of $13.45 on volume of 131.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 13.00 (-1.04)

Bank Stock Roundup: Positive Stress Test Results, Brexit Makes Headlines; BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 11:10AM CDT
Over the last five trading days, the major banks showed a bullish trend. Investors' confidence received a boost with the banks clearing the annual regulatory stress test successfully.
AXP: 60.06 (-3.19), JPM: 59.60 (-4.45), C: 40.30 (-4.16), COST: 155.56 (-1.47), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), PNC: 81.08 (-5.59)

Brexit Mandate: 4 Sectors & Their Stocks Under Pressure
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:40AM CDT
Thanks to Brexit, the market is going to move significantly one way or the other.
F: 12.52 (-0.88), GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), COP: 43.17 (-2.46), APA: 54.86 (-3.30), BAC: 13.00 (-1.04), PAG: 33.19 (-3.83), MS: 24.52 (-2.77)

Are U.S. Bank Stocks Fated for a Huge Fall Post Brexit?
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:23AM CDT
Major U.S. banking giants plunged in premarket trading on Friday following the U.K. vote
GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)

Company News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Companies in the News are; RHT,BAC,M,BBRY
BBRY: 6.67 (-0.33), RHT: 73.62 (-4.77), M: 32.08 (-1.30), BAC: 13.00 (-1.04)

Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)

Bloody Hell? Brexit Wins!
Mark Vickery - Zacks Investment Research - Fri Jun 24, 8:16AM CDT
Great Britain has shocked the global markets by voting to exit the European Union, by a vote of 51.8% to 48.2%.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04)


Brexit specter rocks global financial markets
By YOUKYUNG LEE - AP - Thu Jun 23, 11:34PM CDT
SEOUL, South Korea (AP) — Global financial markets dived on Friday as media reports forecast that British voters had opted to leave the European Union, shocking investors and triggering jitters across the globe.
VLO: 52.56 (-1.15), C: 40.30 (-4.16), M: 32.08 (-1.30), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), CVX: 101.90 (-2.54), MS: 24.52 (-2.77)

Markets Right Now: Pound gives up early 'Brexit' gains
AP - Thu Jun 23, 6:54PM CDT
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
C: 40.30 (-4.16), BAC: 13.00 (-1.04)

Business Highlights
By The Associated Press - AP - Thu Jun 23, 5:11PM CDT
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JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), BA: 126.52 (-7.03)

BofA Nears Accord with SEC Over Client Accounts Case
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 4:59PM CDT
Per a Wall Street Journal report, Bank of America (BAC) may shell out $400 to $450 million to settle allegations related to breach of rules designed to protect client accounts.
GS: 141.86 (-10.80), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), UBS: 13.95 (-2.15)

Nation's largest banks all pass Fed's 'stress tests'
By KEN SWEET - AP - Thu Jun 23, 4:36PM CDT
NEW YORK (AP) — The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)

Goldman (GS) Third Round Layoffs: 98 in New York
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:30PM CDT
As a part of big overhaul, The Goldman Sachs Group, Inc. (GS) has commenced the third round of layoffs with the elimination of 98 staff in New York.
GS: 141.86 (-10.80), CS: 11.51 (-2.21), DB: 14.72 (-3.12), BAC: 13.00 (-1.04)

Bank of America Board Appoints New Director
BusinessWire - Thu Jun 23, 1:00PM CDT
The Bank of America Corporation board of directors today appointed Michael D. White as a director, effective immediately. White, 64, is the recently retired chairman, president and CEO of DIRECTV.
BAC: 13.00 (-1.04)

Investor Alert: Klayman & Toskes, P.A. Launches Investigation into Merrill Lynch's Sale of Strategic Return Notes in Wake of SEC Probe
BusinessWire - Wed Jun 22, 1:12PM CDT
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T", www.nasd-law.com, announced today that it has launched an investigation into Merrill Lynch (NYSE: BAC) sales of strategic return notes in wake of the SEC's probe.
BAC: 13.00 (-1.04)

BofA's Instinct Loans Aims to Transfer Leveraged Loans
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 2:49PM CDT
Bank of America (BAC) sought to reallocate certain leveraged loans to electronic exchange through its new electronic loan trading platform.
GS: 141.86 (-10.80), JPM: 59.60 (-4.45), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20)