
Bank of America stock was down 1% to $15.54 today (Tuesday) after shareholders voted to keep Chief Executive and Chairman Brian Moynihan in his dual role with the company.
By Diane Alter, Contributing Writer, Money Morning -
Bank of America stock was down 1% to $15.54 today (Tuesday) after shareholders voted to keep Chief Executive and Chairman Brian Moynihan in his dual role with the company.
Here's the result of the shareholder vote, and what it means for the big bank stock now...
By Diane Alter, Contributing Writer, Money Morning -
Bank of America stock was down 1% to $15.54 today (Tuesday) after shareholders voted to keep Chief Executive and Chairman Brian Moynihan in his dual role with the company.
Here's the result of the shareholder vote, and what it means for the big bank stock now...
By Diane Alter, Contributing Writer, Money Morning -
Results of the U.S. Federal Reserve's so-called stress test were released Wednesday - and Bank of America Corp. (NYSE: BAC) passed only provisionally. As such, a long-awaited boost to the BAC dividend remains on hold.
In total, 28 U.S.-based banks passed the Fed's annual regulatory test.
By Diane Alter, Contributing Writer, Money Morning -
Wall Street's focus has shifted from global woes to earnings as Q3 earnings season kicks into high gear.
This week brings a number of reports from all sectors. Initial earnings reports have so far impressed, with 70% of companies trumping forecasts, according to FactSet.
Here’s our full list of hot stocks to watch for Wednesday, Oct. 15, 2014…
By Garrett Baldwin, Executive Producer, Money Morning -
DJIA Today, Aug. 20, 2014: U.S. stocks were up Wednesday after the release of minutes from the most recent Federal Open Market Committee meeting in July. According to the minutes, the consensus view of the FOMC is that interest rates won't begin to move higher until at least mid-2015.
Here are the top stories from today...
By Garrett Baldwin, Executive Producer, Money Morning -
Dow Jones today, August 13, 2014: U.S. stocks were in the red on Tuesday as concerns about the European markets affected investor sentiment. Geopolitical hot spots in Ukraine and in the Middle East have led to an increased emphasis on reducing exposure to risk.
Here’s what you should know to make your Wednesday profitable:
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
Bank of America Corp. (NYSE: BAC) is in tentative talks with the U.S. Department of Justice to pay between $16 billion to $17 billion for its part in selling shoddy mortgages, being a Too Big to Fail bank that wasn't allowed to fail but now has to pay the piper.
Today, I'm going to tell you the story behind this, and a story about subprime auto loans.
And along the way you'll even get stock pick…
By Diane Alter, Contributing Writer, Money Morning -
Bank of America Corp.'s (NYSE: BAC) 400% quarterly dividend boost dominated dividend investing news last week.
BofA announced Wednesday it will raise its quarterly dividend for the first time in seven years to $0.05 a share, up from $0.01, with its Sept. 26 distribution.
By Garrett Baldwin, Executive Producer, Money Morning -
Dow Jones today, Aug. 7, 2014: U.S. stocks fell sharply in the final hour of trading Thursday despite declining jobless claims in the U.S. economy.
The ongoing standoff between the West and Russia continues to offset confidence in the U.S. economy. This morning, Moscow banned most food imports from Western nations in response to heightened economic sanctions.
Here are the top stories today…
By Diane Alter, Contributing Writer, Money Morning -
Bank of America Corp. (NYSE: BAC) stock rose slightly Thursday morning by 1% to $15.44 on news the bank is near a more than $16.5 billion settlement over mortgage-backed securities that helped ignite the 2008 financial crisis, but BAC stock has since given back those gains in afternoon trading.
By Diane Alter, Contributing Writer, Money Morning -
Bank of America Corp. (NYSE: BAC) reported Q2 earnings Wednesday that were dragged down by mounting litigation costs in addition to a decline in mortgage originations.
Second-quarter earnings from big banks have so far mostly surpassed estimates, but investor reactions have been mixed.
By Diane Alter, Contributing Writer, Money Morning -
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By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
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By kdowdle, Money Morning -
By Diane Alter, Contributing Writer, Money Morning -
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report -
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