New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
Though forces outside the bank may be pressuring the share price lower, there is still good news for BAC investors to take with them on the holiday weekend.
"You can't tell it, because all that gets publicity is when they cut jobs. They need people to make new loans and to build the company.
Bank of America Corp. , the second-largest U.S. lender by assets, is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.
Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from exchange-traded funds that buy the debt.
Bank of America Corporation has been on a tear over the past year, up 90%. In my last article regarding the stock I suggested buying the dip when the stock was trading at $11.54 on April 18th.
West Texas Intermediate crude headed for the biggest weekly drop in more than a month amid signs of rising U.S. fuel supplies and a global economic slowdown.
May 23rd, 2013 - Markets received an early boost Wednesday after comments from Federal Reserve Chairman Ben Bernanke signaled that the central bank was not ready to ease up on economic stimulus.
Bond investors don't perceive the six biggest U.S. banks as "too big to fail," according to a report from one of those lenders, Goldman Sachs Group Inc.
The commercial debt business is currently experiencing somewhat of a revival, as some of the biggest banks scramble to write more business loans that can be packaged into products for sale to yield-hungry investors.
Bank of America Corp is up more than 8% in May alone, but that hasn't stopped option speculators from crowding the bearish bandwagon .
We track hundreds of quarterly 13F filings from hedge funds and other notable investors for a variety of purposes.
U.S. stock futures fell, indicating the Standard & Poor's 500 Index will decline for a second day, as data showed Chinese manufacturing unexpectedly shrank and equity markets from Europe to Japan tumbled.
Flagstar Bancorp Inc. , the Michigan lender rescued by MatlinPatterson Global Advisers LLC in 2009, is considering a sale of the collection rights on more than $70 billion in mortgages, people with knowledge of the matter said.
JPMorgan Chase President, Mid-Atlantic market, Wayne Trotman and North Carolina Governor Pat McCrory, speak at the Foundation For The Carolinas, Wednesday, May 22, 2013.
Considering the year it's had so far, Bank of America should count itself lucky.