Bank of America Newswire

Comprehensive Real-Time News Feed for Bank of America.

Results 1 - 20 of 27,453 in Bank of America

  1. Bank of America in the red for Q1Read the original story

    10 min ago | Business Journal

    The cost of resolving mortgage issues pinched earnings at Bank of America in the first quarter of 2014.

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  2. Bank of America posts losses after having to bear legal feesRead the original story w/Photo

    11 min ago | UPI

    Bank of America swung into the red, posting a first-quater loss thanks to $6 billion in legal charges and a weakening mortgage business.

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  3. U.S. Bancorp's mortgage revenue sliced nearly in halfRead the original story w/Photo

    17 min ago | Housing Wire

    ... year prior and $1.56 in the fourth quarter of 2013, as mortgage banking revenue recorded a heavy drop.' Even Bank of America ( BAC ) reported that its first mortgage originations fell 65% year-on-year in its earnings report Wednesday morning. Brena ...

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  4. Jim Cramer: Why Yahoo Could Trade Into the Mid-40s and Bank of America is a Buy Under $15Read the original story

    18 min ago | TheStreet.com

    ... billions of dollars worth of stock. Cramer thinks Yahoo! could trade into the mid-$40 range. Cramer says Bank of America's net interest income was "not so hot" and believes the quarter was not stellar, but not bad, either. If the stock was up 44 ...

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  5. U.S. Stocks Rise as Yahoo Gains on Earnings, Factory Data ClimbsRead the original story

    25 min ago | The Washington Post

    ... to $46.86 after the largest U.S. auto-parts maker agreed buy Air Distribution Technologies for $1.6 billion. Bank of America Corp. retreated 2.8 percent after reporting a quarterly loss. Semiconductor stocks led declines in the S&P 500 after Linear ...

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  6. Bank of America Earnings Hit By Mortgage-Related Legal FeesRead the original story

    27 min ago | The Curious Capitalist

    $6 billion in mortgage-related lititgation hit Bank of America's earnings as it fights to move past the toxic legacy of the financial crisis Bank of America posted large losses in the first quarter of 2013 after doling out $6 billion in legal ...

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  7. Morgan Stanley Sees Post-Winter Loan Growth, With Retail Sales TailwindRead the original story

    33 min ago | Barron's

    ... net charge offs increased month-over-month at most institutions, including Capital One Financial ( COF ), Bank of America ( BAC ) J.P. Morgan ( JPM ), and Citigroup ( C ), while Discover Financial Services ( DFS ) saw NCOs flat and American Express ...

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  8. Legal Team Exodus at MERS Said to Prompt ReviewRead the original story w/Photo

    1 hr ago | National Mortgage News

    ... and resale of about half of U.S. home loans. A breakdown could force clients such as Fannie Mae and Bank of America Corp. to make costly changes to their loan businesses. Management hasn't completed fixes promised in a broad 2011 U.S. settlement ...

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  9. Movers & Shakers: Yahoo rallies on revenue growth; Bank of America in redRead the original story w/Photo

    1 hr ago | MarketWatch

    Yahoo Inc. jumped Wednesday after the Internet giant reported revenue growth for the first time in more than a year, while Bank of America Corp. shares slipped after the bank said it swung to a loss last quarter.

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  10. Bank of America loses money in first quarter after settlementRead the original story

    3 hrs ago | Hispanic Business

    The Charlotte bank lost of violating securities law while selling bonds to the mortgage giants.

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  11. Wealth Management Up, But BofA Posts Net Loss on $6B in Legal FeesRead the original story

    9 hrs ago | Financial Planning

    ... But what's the biggest mistake advisors make? Practice management expert Wayne Badorf shares his view. Bank of America's wealth management unit reported a modest increase in profits and a surge in advisor productivity, but the bank suffered a net ...

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  12. Bank of America Legal Woes Mask Business Strength: StockTwitsRead the original story

    1 hr ago | TheStreet.com

    ... shocked at the billions in lawsuit $$ ?! No logic -- Afortyyearold (@Afortyyearold) Apr. 16 at 08:25 AM Bank of America reported a $6 billion litigation expense along with its first quarter earnings Wednesday morning. The legal expenses caused an ...

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  13. Dow Jones Industrial Average Builds Momentum as Earnings Season Heats UpRead the original story

    1 hr ago | SchaeffersResearch.com

    ... releases from Intel Corporation (NASDAQ:INTC) and Yahoo! Inc. (NASDAQ:YHOO) ." Additionally, financial firm Bank of America Corp (NYSE:BAC) unveiled its results ahead of the bell. On the economic front, housing starts and industrial production data ...

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  14. Wall Street Jumps on China Data, EarningsRead the original story

    1 hr ago | Fox News

    ... in March after weather weighed the market down during the first two months of the year. In corporate news, Bank of America ( BAC ) swung to a first-quarter loss on a $6 billion litigation expense as the No. 2 U.S. bank faces a series of lawsuits ...

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  15. Three days after tragedy, Jewish Community Center reopensRead the original story w/Photo

    1 hr ago | The Kansas City Star

    ... Construction is expected to begin on the Village West complex this summer and be completed in about a year. Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses. When it comes to searching ...

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  16. Slimmer Canada-U.S. price gap may be as good as it gets for nowRead the original story w/Photo

    1 hr ago | Globe and Mail

    ... concern, remains healthy. As a result, the policy response to today's numbers is likely to be muted." Bank of America sinks to loss Bank of America Corp. fell to a first-quarter loss, stung by hefty legal expenses. The bank lost $276-million (U.S.) ...

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  17. Bank of America posts loss, hurt by legal expensesRead the original story

    1 hr ago | Jacksonville Daily News

    Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.

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  18. North Carolina CEOs take home 108 times what the average worker earnsRead the original story

    2 hrs ago | Business Journal

    ... million from the tech company. Statewide, however, he ranks as the 14th highest paid CEO. Brian Moynihan of Bank of America (NYSE: BAC) received the most compensation at $13.1 million and Steven Tanger of Tanger Factory Outlet Centers received the ...

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  19. Bank Of America Beats Earnings Estimates But Reports A Loss Of $276 MillionRead the original story

    2 hrs ago | Albany Times Union

    Bank of America beat Wall Street Q1 2014 earnings estimates with earnings per share of $0.35 and revenue of $22.8 billion.

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  20. Legal costs hit Bank of America's bottom lineRead the original story w/Photo

    2 hrs ago | CNN

    ... a hit all in one quarter. The loss reflects $6 billion in litigation expenses tied to legal costs, including Bank of America's recent settlement with the Federal Housing Finance Agency over mortgage-backed securities. The bank announced the $9.5 ...

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