Bank of America News

A second bank was robbed in the Charlotte area on Monday morning. The Iredell County Sheriff's Office said the Bank Of America on North Main Street in Troutman was robbed by two men around 9:30 a.m. The armed men fled with $5100 in cash in a gray Buick Century that was reported stolen in Charlotte early Monday morning, police say.

This sums up KBW analyst Christopher Mutascio's downgrade of Bank of America's stock on Sunday to a "market perform" rating from "outperform." Bank of America's shares closed at $13.43 Friday, just below their reported March 31 tangible book value of $13.46. The shares have returned 16% this year, after more than doubling during 2012.

Last week we had another bullish week of gains as this market extends its advance.

As interest rates remain historically low, the biggest U.S. banks are seeing the need to increase the volume of lending to businesses.

While Barack Obama's "favorite banker" continues to receive the royal treatment in Washington, new sleaze allegations threaten to further tarnish the golden boy image of "teflon don" Jamie Dimon, the CEO and Chairman of JPMorgan Chase.

Everyone has read about the customer service horror stories that plague every industry in existence.

When I look at Citigroup Inc , I can't help but think of something that Peter Lynch said about Fannie Mae years ago.

A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt.

The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market , raising concern that investors are lowering their standards as they seek to take advantage of the region's relatively high yields.

This week's Charlotte Business Journal lists N.C.'s Top 100 public companies, ranked by market value.

KeyCorp , which agreed to buy a portion of Bank of America's $110 billion commercial mortgage servicing rights last week, raised its quarterly dividend on Thursday by 10%. The Cleveland-based provider of mortgage financing lifted its quarterly cash dividend to 5.5 cents a share, payable on June 14 to shareholders of record on May 28.

America's largest bank is putting a commercial lending office in Bank of America's backyard.

Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.

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Midway through trading Tuesday, the Dow was up 0.56 percent to 15,175.60, while the NASDAQ rose 0.64 percent to 3,460.81. The S&P was also up, rising 0.82 percent to 1,647.13. Top Headline Stocks continued their rally on Tuesday, with the Dow and S&P 500 hitting new intraday highs as investors expected the upward trend to continue.

Julius Baer Group AG said Wednesday that assets under management rose 16% from the end of 2012 but cautioned investors that growth in new funds is being pressured by a crackdown on suspected tax evaders in Europe.

Chinese Premier Li Keqiang signaled policy makers are reluctant to use stimulus to counter a slowdown in the world's second-largest economy because the risks outweigh the benefits.

U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further.

The Dow and S&P 500 roared to fresh all-time highs Tuesday in a broad rally that was led by the financial sector.

Bank of America shares declined after the company reported earnings, however, the stock rebounded and is now back near 52-week highs.