Bank of America Corp (BAC) 15.60 $BAC
WHY IT MATTERS: Wall Street regulation
By MARCY GORDON - AP - Tue Sep 20, 1:12PM CDT
WASHINGTON (AP) — THE ISSUE: The financial crisis that struck in 2008 touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about 8 million Americans jobless. More than 5 million families lost their homes to foreclosure. Reckless trading and aggressive practices on Wall Street in the prior boom years were pinned with much of the blame.
JPM: 66.46 (+0.27), C: 46.54 (-0.05), BAC: 15.60 (+0.01)
TransUnion Announces Secondary Offering (revised)
Zacks Equity Research - Zacks Investment Research - Tue Sep 20, 12:37PM CDT
Business service provider TransUnion TRU has recently announced a secondary offering of 16 million shares.
TRU: 33.10 (+0.24), HH: 1.44 (-0.01), CS: 12.86 (+0.01), BAC: 15.60 (+0.01)
Asian stocks mostly lower amid US, Japan central banks wait
By MARLEY JAY - AP - Mon Sep 19, 8:52PM CDT
TOKYO (AP) — Asian shares were mostly lower Tuesday amid a nervous wait for what might happen to interest rates from the U.S. Federal Reserve and the Bank of Japan.
ABT: 41.58 (-0.10), JNJ: 117.95 (+0.29), JPM: 66.46 (+0.27), IBM: 154.45 (-0.42), MRK: 61.94 (+0.61), GM: 31.65 (-0.07), WFC: 46.56 (+0.55), BAC: 15.60 (+0.01), MS: 31.70 (+0.10)
Banks focus more on new accounts _ and the fees they bring
By KEN SWEET - AP - Mon Sep 19, 6:47PM CDT
NEW YORK (AP) — When Wells Fargo CEO John Stumpf testifies before a Senate committee hearing Tuesday, it won't be just his bank under fire for turning friendly branches into high-pressure sales centers. It'll be the entire industry.
JPM: 66.46 (+0.27), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55)
Bank of America (BAC) Breaks Through Resistance at $15.62
Comtex SmarTrend(R) - Mon Sep 19, 9:19AM CDT
Bank of America (NYSE:BAC) has opened bullishly above the pivot of $15.55 today and has reached the first level of resistance at $15.62. Should the shares continue to rise, the resistance pivots of $15.75 and $15.95 will be of interest.
BAC: 15.60 (+0.01)
The Zacks Analyst Blog Highlights: Wells Fargo &, JPMorgan Chase, U.S. Bancorp, Bank of America and Citigroup
Zacks Equity Research - Zacks Investment Research - Mon Sep 19, 8:30AM CDT
The Zacks Analyst Blog Highlights: Wells Fargo &, JPMorgan Chase, U.S. Bancorp, Bank of America and Citigroup
JPM: 66.46 (+0.27), USB: 43.02 (+0.16), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55)
Bank of America Commits to Carbon Neutrality and 100 Percent Renewable Electricity by 2020
BusinessWire - Mon Sep 19, 5:00AM CDT
Bank of America announces new environmental operations goals to be met by 2020, including plans to go carbon neutral. This announcement supports the bank's continued efforts to reduce the environmental impacts of its operations. Bank of America will work to reduce location-based greenhouse gas (GHG) emissions by 50 percent, energy use by 40 percent, and water use by 45 percent in its operations across the globe by 2020. In addition, Bank of America has committed to purchasing 100 percent renewable electricity and has joined RE100, a global initiative led by The Climate Group in partnership with CDP and part of the We Mean Business Take Action campaign. These new commitments build on the success of the company's 2015 operations goals and the deployment of its $125 billion environmental business initiative.
BAC: 15.60 (+0.01)
Deutsche Bank Says NEIN to DoJ Fine
David Bartosiak - Zacks Investment Research - Fri Sep 16, 4:04PM CDT
: Deutsche Bank is working to settle with the DoJ but not for the $14 billion they are asking
JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01), MS: 31.70 (+0.10)
Bank Stock Roundup: Wells Fargo Scam Hits Headlines; BofA, Citi Upbeat on Q3 Market Revenue
Zacks Equity Research - Zacks Investment Research - Fri Sep 16, 10:20AM CDT
Over the last five trading days, major bank stocks remained under pressure. Wells Fargo's alleged unauthorized account opening scam dominated the headlines.
COF: 70.56 (-0.42), BBT: 37.95 (-0.13), JPM: 66.46 (+0.27), USB: 43.02 (+0.16), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), PNC: 90.36 (+0.25)
Shining Bright in an Unstable Gold Market
JCN Newswire - Fri Sep 16, 9:23AM CDT
Gold prices went through a week of uncertainty due to mixed economic data. First there were weak retail sales data, which led gold prices to surge, yet investors remained uncertain how the data will affect the upcoming decision of the Federal Reserve on September 20-21. There is a possibility that strong jobs and the increase in household income data will overshadow disappointing retail sales, giving the Fed enough encouragement to raise interest rates. The U.S Dollar has slightly increased in value, and as a result, gold prices dropped Thursday, yet remained strongly positioned in their expected range. Brazil Resources Inc. (TSX-V: BRI), Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), Market Vectors Gold Miners ETF (NYSEARCA: GDX), Barrick Gold Corporation (NYSE: ABX), Eldorado Gold Corp (NYSE: EGO)
GDXJ: 44.47 (+0.05), EGO: 3.99 (+0.03), ABX: 17.20 (+0.01), BRI.VN: 3.080 (+0.040), BAC: 15.60 (+0.01), GDX: 26.06 (-0.03)
Bank of America (BAC) Crosses Pivot Point Support at $15.58
Comtex SmarTrend(R) - Fri Sep 16, 9:20AM CDT
Bank of America (NYSE:BAC) has opened bearishly below the pivot of $15.66 today and has reached the first level of support at $15.58. Should the shares continue to fall, the support pivots of $15.50 and $15.34 will be of interest.
BAC: 15.60 (+0.01)
Deutsche Bank (DB) Shares Crumble on DoJ's $14B Claim
Zacks Equity Research - Zacks Investment Research - Fri Sep 16, 7:46AM CDT
Deutsche Bank AG (DB) plunged 7% to $13.76 in after-hours trading on the NYSE following the bank's confirmation late Thursday about the proposed $14-billion settlement by the U.S. Department of Justice ("DoJ"
tied with mortgage practices
BCS: 8.62 (+0.04), GS: 166.47 (+0.26), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Shares of Deutsche Bank plunge amid US legal dispute
By DAVID McHUGH - AP - Fri Sep 16, 7:01AM CDT
FRANKFURT, Germany (AP) — Shares in Deutsche Bank AG plunged Friday after the revelation that the U.S. Department of Justice has proposed the bank pay $14 billion to settle civil claims over its handing of residential mortgage-backed securities.
GS: 166.47 (+0.26), JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Deutsche Bank: No plan to pay $14B Justice Dept. settlement
By The Associated Press - AP - Thu Sep 15, 11:29PM CDT
Deutsche Bank AG said Friday it does not intend to pay $14 billion to settle civil claims with the U.S. Department of Justice for its handling of residential mortgage-backed securities and related transactions.
GS: 166.47 (+0.26), JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Citigroup (C) Projects Trading Revenue to Improve in Q3
Zacks Equity Research - Zacks Investment Research - Thu Sep 15, 10:33AM CDT
Citigroup (C) expects year-over-year improvement in trading revenue in Q3.
C: 46.54 (-0.05), COST: 152.17 (+0.38), BAC: 15.60 (+0.01), CMA: 46.15 (-0.20)
Downgrade Alert for Bank of America (BAC)
Comtex SmarTrend(R) - Wed Sep 14, 3:49AM CDT
Bank of America (NYSE:BAC) was downgraded from Buy to Hold at Societe Generale today. The stock closed yesterday at $15.72 on volume of 89.1 million shares, below average daily volume of 93.1 million. Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
BAC: 15.60 (+0.01)
Wells Fargo Facing Repercussions of $190M Fine from CFPB
Zacks Equity Research - Zacks Investment Research - Tue Sep 13, 3:05PM CDT
Wells Fargo (WFC) is facing consequences of its $190 million fine imposed by the CFPB.
JPM: 66.46 (+0.27), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), MCO: 107.95 (-0.53)
The Bank of America Shamrock Shuffle 8K Kicks Off the 2017 Chicago St. Patrick's Day Celebration With Early Registration Launch, Addition of Walk
BusinessWire - Tue Sep 13, 10:00AM CDT
Registration for the 2017 Bank of America Shamrock Shuffle 8K opens today at 10 a.m. Central Time. The classic road race is an annual tradition for runners looking to continue the St. Patrick's Day celebration in Chicago with a green-infused fun run through the heart of downtown. And for the first time, this year's event will feature a two-mile walk.
BAC: 15.60 (+0.01)
BofA's (BAC) Investment Banking Fees Trending Up In Q3
Zacks Equity Research - Zacks Investment Research - Tue Sep 13, 7:43AM CDT
BofA (BAC) expects pickup in investment banking fees in the third quarter 2016.
BCS: 8.62 (+0.04), HBHC: 31.40 (-0.22), BAC: 15.60 (+0.01), CMA: 46.15 (-0.20)
5 Stocks to Buy as Rate Hike Prospects Rise
Swarup Gupta - Zacks Investment Research - Mon Sep 12, 10:19AM CDT
On Friday, comments from key Fed officials heightened prospects of a rate hike in the near term.
SFST: 28.87 (+0.68), TRCB: 11.55 (-0.05), HTLF: 35.80 (-0.18), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), CNO: 15.11 (+0.01), RGA: 107.46 (+0.96)
WHY IT MATTERS: Wall Street regulation
By MARCY GORDON - AP - Tue Sep 20, 1:12PM CDT
WASHINGTON (AP) — THE ISSUE: The financial crisis that struck in 2008 touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about 8 million Americans jobless. More than 5 million families lost their homes to foreclosure. Reckless trading and aggressive practices on Wall Street in the prior boom years were pinned with much of the blame.
JPM: 66.46 (+0.27), C: 46.54 (-0.05), BAC: 15.60 (+0.01)
TransUnion Announces Secondary Offering (revised)
Zacks Equity Research - Zacks Investment Research - Tue Sep 20, 12:37PM CDT
Business service provider TransUnion TRU has recently announced a secondary offering of 16 million shares.
TRU: 33.10 (+0.24), HH: 1.44 (-0.01), CS: 12.86 (+0.01), BAC: 15.60 (+0.01)
Asian stocks mostly lower amid US, Japan central banks wait
By MARLEY JAY - AP - Mon Sep 19, 8:52PM CDT
TOKYO (AP) — Asian shares were mostly lower Tuesday amid a nervous wait for what might happen to interest rates from the U.S. Federal Reserve and the Bank of Japan.
ABT: 41.58 (-0.10), JNJ: 117.95 (+0.29), JPM: 66.46 (+0.27), IBM: 154.45 (-0.42), MRK: 61.94 (+0.61), GM: 31.65 (-0.07), WFC: 46.56 (+0.55), BAC: 15.60 (+0.01), MS: 31.70 (+0.10)
Banks focus more on new accounts _ and the fees they bring
By KEN SWEET - AP - Mon Sep 19, 6:47PM CDT
NEW YORK (AP) — When Wells Fargo CEO John Stumpf testifies before a Senate committee hearing Tuesday, it won't be just his bank under fire for turning friendly branches into high-pressure sales centers. It'll be the entire industry.
JPM: 66.46 (+0.27), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55)
Bank of America (BAC) Breaks Through Resistance at $15.62
Comtex SmarTrend(R) - Mon Sep 19, 9:19AM CDT
Bank of America (NYSE:BAC) has opened bullishly above the pivot of $15.55 today and has reached the first level of resistance at $15.62. Should the shares continue to rise, the resistance pivots of $15.75 and $15.95 will be of interest.
BAC: 15.60 (+0.01)
The Zacks Analyst Blog Highlights: Wells Fargo &, JPMorgan Chase, U.S. Bancorp, Bank of America and Citigroup
Zacks Equity Research - Zacks Investment Research - Mon Sep 19, 8:30AM CDT
The Zacks Analyst Blog Highlights: Wells Fargo &, JPMorgan Chase, U.S. Bancorp, Bank of America and Citigroup
JPM: 66.46 (+0.27), USB: 43.02 (+0.16), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55)
Bank of America Commits to Carbon Neutrality and 100 Percent Renewable Electricity by 2020
BusinessWire - Mon Sep 19, 5:00AM CDT
Bank of America announces new environmental operations goals to be met by 2020, including plans to go carbon neutral. This announcement supports the bank's continued efforts to reduce the environmental impacts of its operations. Bank of America will work to reduce location-based greenhouse gas (GHG) emissions by 50 percent, energy use by 40 percent, and water use by 45 percent in its operations across the globe by 2020. In addition, Bank of America has committed to purchasing 100 percent renewable electricity and has joined RE100, a global initiative led by The Climate Group in partnership with CDP and part of the We Mean Business Take Action campaign. These new commitments build on the success of the company's 2015 operations goals and the deployment of its $125 billion environmental business initiative.
BAC: 15.60 (+0.01)
Deutsche Bank Says NEIN to DoJ Fine
David Bartosiak - Zacks Investment Research - Fri Sep 16, 4:04PM CDT
: Deutsche Bank is working to settle with the DoJ but not for the $14 billion they are asking
JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01), MS: 31.70 (+0.10)
Bank Stock Roundup: Wells Fargo Scam Hits Headlines; BofA, Citi Upbeat on Q3 Market Revenue
Zacks Equity Research - Zacks Investment Research - Fri Sep 16, 10:20AM CDT
Over the last five trading days, major bank stocks remained under pressure. Wells Fargo's alleged unauthorized account opening scam dominated the headlines.
COF: 70.56 (-0.42), BBT: 37.95 (-0.13), JPM: 66.46 (+0.27), USB: 43.02 (+0.16), C: 46.54 (-0.05), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), PNC: 90.36 (+0.25)
Shining Bright in an Unstable Gold Market
JCN Newswire - Fri Sep 16, 9:23AM CDT
Gold prices went through a week of uncertainty due to mixed economic data. First there were weak retail sales data, which led gold prices to surge, yet investors remained uncertain how the data will affect the upcoming decision of the Federal Reserve on September 20-21. There is a possibility that strong jobs and the increase in household income data will overshadow disappointing retail sales, giving the Fed enough encouragement to raise interest rates. The U.S Dollar has slightly increased in value, and as a result, gold prices dropped Thursday, yet remained strongly positioned in their expected range. Brazil Resources Inc. (TSX-V: BRI), Market Vectors Junior Gold Miners ETF (NYSEARCA: GDXJ), Market Vectors Gold Miners ETF (NYSEARCA: GDX), Barrick Gold Corporation (NYSE: ABX), Eldorado Gold Corp (NYSE: EGO)
GDXJ: 44.47 (+0.05), EGO: 3.99 (+0.03), ABX: 17.20 (+0.01), BRI.VN: 3.080 (+0.040), BAC: 15.60 (+0.01), GDX: 26.06 (-0.03)
Bank of America (BAC) Crosses Pivot Point Support at $15.58
Comtex SmarTrend(R) - Fri Sep 16, 9:20AM CDT
Bank of America (NYSE:BAC) has opened bearishly below the pivot of $15.66 today and has reached the first level of support at $15.58. Should the shares continue to fall, the support pivots of $15.50 and $15.34 will be of interest.
BAC: 15.60 (+0.01)
Deutsche Bank (DB) Shares Crumble on DoJ's $14B Claim
Zacks Equity Research - Zacks Investment Research - Fri Sep 16, 7:46AM CDT
Deutsche Bank AG (DB) plunged 7% to $13.76 in after-hours trading on the NYSE following the bank's confirmation late Thursday about the proposed $14-billion settlement by the U.S. Department of Justice ("DoJ"
tied with mortgage practices BCS: 8.62 (+0.04), GS: 166.47 (+0.26), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Shares of Deutsche Bank plunge amid US legal dispute
By DAVID McHUGH - AP - Fri Sep 16, 7:01AM CDT
FRANKFURT, Germany (AP) — Shares in Deutsche Bank AG plunged Friday after the revelation that the U.S. Department of Justice has proposed the bank pay $14 billion to settle civil claims over its handing of residential mortgage-backed securities.
GS: 166.47 (+0.26), JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Deutsche Bank: No plan to pay $14B Justice Dept. settlement
By The Associated Press - AP - Thu Sep 15, 11:29PM CDT
Deutsche Bank AG said Friday it does not intend to pay $14 billion to settle civil claims with the U.S. Department of Justice for its handling of residential mortgage-backed securities and related transactions.
GS: 166.47 (+0.26), JPM: 66.46 (+0.27), C: 46.54 (-0.05), DB: 12.42 (-0.55), BAC: 15.60 (+0.01)
Citigroup (C) Projects Trading Revenue to Improve in Q3
Zacks Equity Research - Zacks Investment Research - Thu Sep 15, 10:33AM CDT
Citigroup (C) expects year-over-year improvement in trading revenue in Q3.
C: 46.54 (-0.05), COST: 152.17 (+0.38), BAC: 15.60 (+0.01), CMA: 46.15 (-0.20)
Downgrade Alert for Bank of America (BAC)
Comtex SmarTrend(R) - Wed Sep 14, 3:49AM CDT
Bank of America (NYSE:BAC) was downgraded from Buy to Hold at Societe Generale today. The stock closed yesterday at $15.72 on volume of 89.1 million shares, below average daily volume of 93.1 million. Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
BAC: 15.60 (+0.01)
Wells Fargo Facing Repercussions of $190M Fine from CFPB
Zacks Equity Research - Zacks Investment Research - Tue Sep 13, 3:05PM CDT
Wells Fargo (WFC) is facing consequences of its $190 million fine imposed by the CFPB.
JPM: 66.46 (+0.27), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), MCO: 107.95 (-0.53)
The Bank of America Shamrock Shuffle 8K Kicks Off the 2017 Chicago St. Patrick's Day Celebration With Early Registration Launch, Addition of Walk
BusinessWire - Tue Sep 13, 10:00AM CDT
Registration for the 2017 Bank of America Shamrock Shuffle 8K opens today at 10 a.m. Central Time. The classic road race is an annual tradition for runners looking to continue the St. Patrick's Day celebration in Chicago with a green-infused fun run through the heart of downtown. And for the first time, this year's event will feature a two-mile walk.
BAC: 15.60 (+0.01)
BofA's (BAC) Investment Banking Fees Trending Up In Q3
Zacks Equity Research - Zacks Investment Research - Tue Sep 13, 7:43AM CDT
BofA (BAC) expects pickup in investment banking fees in the third quarter 2016.
BCS: 8.62 (+0.04), HBHC: 31.40 (-0.22), BAC: 15.60 (+0.01), CMA: 46.15 (-0.20)
5 Stocks to Buy as Rate Hike Prospects Rise
Swarup Gupta - Zacks Investment Research - Mon Sep 12, 10:19AM CDT
On Friday, comments from key Fed officials heightened prospects of a rate hike in the near term.
SFST: 28.87 (+0.68), TRCB: 11.55 (-0.05), HTLF: 35.80 (-0.18), BAC: 15.60 (+0.01), WFC: 46.56 (+0.55), CNO: 15.11 (+0.01), RGA: 107.46 (+0.96)
