Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
13 min ago | Business Journal
Johnny Harris, CEO of Lincoln Harris, says the University City property could be an attractive site for larger companies that want to be close to UNC Charlotte.
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13 min ago | Business Journal
Charlotte real estate firm Lincoln Harris is busy with a new development in SouthPark, but it has also purchased a site in University City for a potential office project as well.
3 hrs ago | Wall St. Cheat Sheet
Analysts from Bank of America have said they think analysts are overreacting to the potential upcoming deal between Apple and China Mobile .
5 hrs ago | AmericanBankingNews.com
They currently have a $55.00 target price on the stock. Bank of America Corp.'s target price would suggest a potential downside of 8.83% from the stock's previous close.
6 hrs ago | Sys-Con Media
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
7 hrs ago | Seeking Alpha
Diebold has long been an attractive buy based on the excellent dividends that it pays, and has been paying, for nearly 60 years.
Bank of America CEO Brian Moynihan says the Charlotte bank has gotten through "the lion's share" of its mortgage issues and is now growing at a faster rate than its peers.
Los Angeles City Attorney Mike Feuer has filed a third mortgage-lending discrimination suit against a major bank in an attempt to recover damages for a drop in tax revenue that resulted from the foreclosure wave that decimated home values.
File - A woman walks past the headquarters of Swiss bank Julius Baer in Zurich February 6, 2012.
According to Bloomberg, Bank of America's Countrywide unit secured final approval from a court to finalize a $500 million class-action settlement with investors who claimed they were sold faulty mortgage-backed securities by the subprime lender.
"We're optimistic about the economy here in Charlotte and the Carolinas," said Duke Energy Executive Vice President Lloyd Yates.
Corp.'s Trust Preferred Securities will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 12/16/13.
The firm set a "buy" rating and a $11.50 price target on the stock. Bank of America Corp.'s price target suggests a potential upside of 20.17% from the company's current price.
The firm set a "buy" rating and a $24.00 price target on the stock. Bank of America Corp.'s price target would suggest a potential upside of 23.33% from the company's current price.
The firm set a "neutral" rating and a $27.00 price target on the stock. Bank of America Corp.'s target price indicates a potential upside of 8.91% from the company's current price.
Bank of America has taken a number of steps to position itself for future growth, but it remains vulnerable in a number of areas, and when an inevitable slowdown in the economy is taken into consideration, along with existing headwinds, it appears it would be best to hold onto shares of the giant bank, but not to add to a position at this time.
Most Wall Street firms have spent the past few years shedding businesses that clearly don't comply with Volcker, which is supposed to limit the banks' ability to make money on risky, in-house trading.