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Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

3 hrs ago | TheStreet.com

Will This Upgrade Help Bank of America (BAC) Today?

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Banking, Financial Services, Mozilla, TheStreet, Financial Markets

7 hrs ago | Business Journal

Earnings reaction: Jefferies cuts BofA target, mobile one of few bright spots

Twenty-four hours after Charlotte-based Bank of America reported a $514 million net loss for shareholders, investors, analysts and journalists have come to a conclusion: Maybe we were too rosy about BofA's prospects.

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Related Topix: Financial Services, Banking

11 hrs ago | Housing Wire

Ginnie Mae halts MSR transfer from BAC to nonbank

Kate Berry at American Banker has a great scoop on Ginnie Mae halting the transfer of MSRs from Bank of America .

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Related Topix: Financial Services, Ginnie Mae, Banking, Home, Mortgage, Personal Finance

16 hrs ago | Sys-Con Media

Zacks Earnings Trends Highlights: J.P. Morgan, Bank of America and Citigroup

The 2014 Q1 earnings season has gotten off to a relatively soft start. Low expectations essentially guarantee that we are unlikely to get any major negative surprises.

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Related Topix: Banking, Stora Enso, Paper, Financial Services, JP Morgan Chase , CitiMortgage, Citigroup, Mortgage, Personal Finance

16 hrs ago | SchaeffersResearch.com

Analyst Downgrades: Google Inc, Bank of America Corp, and Barrick Gold Corporation

Among the critics on Wall Street were RBC and Deutsche Bank, which both slashed their price targets by $40 to $670 and $625, respectively.

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Related Topix: Banking, Financial Services, Google, Startups, Barrick Gold, Mining, Day Trading, Financial Markets, Personal Finance

19 hrs ago | Fortune

The real economy is finally doing better than the money economy

Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.

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Related Topix: Banking, Financial Services, Tyson Foods, Food, Cheesecake Factory Incorporated The, Restaurant Management, Jarden, Manufacturing, Industrial Machines, Appliances, Financial Markets, Mortgage, Personal Finance

23 hrs ago | UnionLeader.com

Stocks surge on Yellen comments

Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.

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Related Topix: Financial Markets, Banking, Financial Services, CSX, Railroads

Wed Apr 16, 2014

Business Journal

CEOs bank 108 times what the average NC worker earns

Bank of America's Brian Moynihan is the highest-paid CEO of a public company in North Carolina, according to the AFL-CIO's list.

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Related Topix: Retail, Lowes Companies, Household Products, Banking, Financial Services, North Carolina, Real Estate, Tanger Factory Outlet Centers

Seeking Alpha

Bank of America's CEO Discusses Q1 2014 Results - Earnings Call Transcript

Good day, everyone, and welcome to today's program. It is now my pleasure to turn the conference over to Mr. Lee McEntire.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

The Hartford Courant

Bank of America's mortgage crisis costs become a recurring problem

Bank of America Corp 's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Ansonia, CT

Benzinga

Mid-Morning Market Update: US Markets Open Higher; Bank of America Reports Q1 Net Loss

Following the market opening Wednesday, the Dow traded up 0.65 percent to 16,368.05 while the NASDAQ jumped 0.60 percent to 4,058.49.

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Related Topix: Banking, Financial Services, Furniture, Ethan Allen Interiors, Industrial Machines, Textiles, Dixie Group Inc The, Semiconductors, ASML Holding NV, Startups, Linear Technology, Dust Networks

Seeking Alpha

Bank Of America's Results Encouraging, Sell-Off Overdone

Bank of America reported earnings this morning and the greeting from investors has been quite rude.

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Related Topix: Financial Services, Banking, Financial Markets

Reuters

Fitch: Litigation Charges Mar Bank of America's 1Q'14 Results

CHICAGO, April 16 Bank of America Corporation's stated first quarter 2014 earnings swung to a net loss applicable to common shareholders of $514 million due to significant litigation charges incurred in the quarter, according to Fitch Ratings.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

MarketWatch

Movers & Shakers: Earnings spur Yahoo gains, trip up Bank of America

Yahoo! Inc. shares jumped Wednesday after the Internet giant's earnings report showed revenue growth for the first time in more than a year.

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Related Topix: Startups, Yahoo!, Financial Services, Banking

The Hartford Courant

Litigation expenses push Bank of America into loss

Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Ansonia, CT

The Globe and Mail

Bank of America posts loss on litigation costs

In this Nov. 25, 2008 file photo, pedestrians walk through New York's Times Square under a glowing Bank of America marquee.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, World News, India, Warren Buffett

Seeking Alpha

Getting Past The Financial Crisis: Bank Of America Earnings

Revenue is in decline. The consensus estimate is for $22.3 billion for the quarter, compared to $23.5 billion a year ago.

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Related Topix: Banking, Financial Services, JP Morgan Chase , Wells Fargo , Home, Mortgage, Personal Finance

Tue Apr 15, 2014

Seeking Alpha

Citigroup: Can It Double?

Solid Q1 2014 results came yesterday from the Citigroup guys: The bank presented first quarter revenues of $20.12 billion which compared against an average analyst revenue estimate of $19.38 billion.

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Related Topix: Financial Services, Banking, Financial Markets, Warren Buffett

GuruFocus.com

U.S. Bancorp: Don't Forget About This Fair-Valued Bank

If you were to survey the field to name major banks, we're guessing that U.S. Bancorp wouldn't top too many lists.

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Related Topix: US Bancorp, Banking, Financial Services, Multistat, Wells Fargo , Warren Buffett, Construction, Berkshire Hathaway, Investment Services

MarketWatch

Stocks to Watch: Bank of America, Google, IBM are stocks to watch

Among the companies whose shares are expected to see active trade in Wednesday's session are Bank of America Corp., Google Inc., International Business Machines Corp., and American Express Co.

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Related Topix: IBM, Banking, Financial Services, Financial Markets, Emerging Technology, Search Engines

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