Bank of america Stories
Asian Stock Markets Decline As Europe Concerns Weigh
Asian stock markets declined for the second day Tuesday despite better-than-expected US retail sales data as concerns over Europe's debt crisis continued to weigh.
Citi profit tops expectations, bond trading helps
Citigroup Inc posted stronger-than-expected first-quarter results as bond trading and underwriting revenue jumped compared with the 2011 fourth quarter.
33 Key Earnings Reports To Watch, April 16-20
Earnings season will kick into full gear next week with results due from major players. The stock market had an incredible first quarter with double-digit percentage gains, and the flood of company earnings reports will largely decide which way the market will be going from here.
Retail Sales, Housing Starts: Next Week’s Economic Events
Reports on retail sales and housing starts in March highlight the economic calendar next week, April 16-20. Economists will be watching for any lingering signs of a positive boost from the recent warm weather, as well as indications of whether the strength in consumer demand continues.
Mortgages Boosted JPMorgan Chase and Wells Fargo in 1Q, But Stocks Plunge
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks.
BofA, U.S. Bancorp sued for role as WaMu bond trustee
Bank of America Corp and U.S. Bancorp have been sued by a Chicago pension fund that said they failed to protect investors in their roles as trustees for mortgage-backed securities for Washington Mutual Inc.
Wells Fargo Seen Riding Wave of Mortgages to Solid 1Q Earnings
Wells Fargo & Co. (NYSE: WFC) is expected to report a big jump in quarterly earnings and a small rise in revenue on increasing mortgage refinancing during the first three months of the year.
2 World Financial Center Evacuated After Suspicious Package Reported; Was A Toy: NYPD
Manhattan's 2 World Financial Center was evacuated Thursday morning after workers who discovered what they believed to be a hand grenade contacted authorities -- it turned out to be a toy, police said.
US Stock Index Futures Signal Early Gains
Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.55 percent, Dow Jones futures up 0.42 percent and Nasdaq 100 futures up 0.59 percent at 3:34 a.m. EDT (0734 GMT).
BofA Replacing CIO With Consumer Banking Executive
Bank of America Corp's chief information officer is leaving the company and will be replaced by a consumer banking executive, the bank said on Tuesday.
Proxy Firms Back Splitting Of Chairman, CEO Posts At Wells Fargo
Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.
Californians Protest Income Disparity And Corporate Taxes, Target Chevron
A small band of protesters gathered outside the home of Chevron CEO John Watson on Tuesday following a California report accusing the oil giant of not paying its fair share of taxes.
Wall Street Rebounds After 5-Day Decline
Stocks rose on Wednesday, bouncing back after five days of sharp losses that pushed the S&P 500 and the Nasdaq below their key technical levels.
JP Morgan Chase, Wall Street Enigma, Sees Earnings Upside
That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.
Stock Futures Rebound, Pointing To Higher Open
Wall Street was set to bounce back at the open on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.
US Stock Futures Rebound From Steep Losses
Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.
NY pushes objection to BofA $8.5 billion mortgage pact
Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.
Wall Street Plummets Below Key Support Level
Wall Street felt tremors Tuesday afternoon as the S&P 500 Index, Nasdaq Composite Index and Dow Jones Industrial Average both dropped precipitously following declines in European equity markets.
Post-Market NASDAQ Gainers (ADEP, WAFD, AFFY, FDML, ARNA, GRVY, OREX, TSCO, CENX)
The top after-market NASDAQ gainers Tuesday were: Adept Technology, Washington Federal, Affymax, Federal-Mogul Corp, Arena Pharmaceuticals, GRAVITY Co, Orexigen Therapeutics, Tractor Supply and Century Aluminum Co.
Splunk, ‘Big Data’ Analyzer, Prices IPO At Top Of Range
Splunk Inc., a developer of software that helps companies analyze data, plans to sell 13.5 million shares for $8 to $10 in its initial public offering.
Wall Street To Tumble After Weak Payrolls Report
Major stock indexes were set to open about 1 percent lower on Monday after last week's much weaker-than-expected report on March U.S. job creation.
US Futures Fall After Weak Payrolls Report
U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.
Nike NFL Uniforms 2012: 'Madden '13' Leaked Image Reveals New Team Jersey [PHOTO]
Fans will catch a sneak peak of what the new National Football League uniforms, outfitted by Nike Inc., will look like in the upcoming “Madden ’13” game. Electronic Arts just released the first screenshot of a team jersey, which were debuted by Nike and the NFL on April 3rd.
Federal Judge Approves $25B Mortgage Pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
EA Wins 'Worst Company In America,' Did 'Mass Effect 3' Ending Impact Votes? [VIDEO]
It seems that gamers have stepped into the forefront when it comes to voicing opinions on the Internet. The lackluster ending of “Mass Effect 3” sent video game fanatics in an uproar, and now game publisher Electronic Arts has just won The Consumerist award for this year’s Worst Company in America.
GE, Best Buy Suffer Credit Rating Setbacks
Two of the most iconic American brands suffered setbacks to their credit ratings on Wednesday, evidence that some of the nation's most visible economic engines could face higher borrowing costs.
China’s Premier: Bank Monopoly Must Be Broken
China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.
Time to Worry about What Goldman Sachs of the World Are Up To
Who is Goldman Sachs? Wall Street's top investment bank, or a company that treats its clients like muppets in order to make as much profit as possible? And what does that mean for the rest of us?
PepsiCo Inc. Betting On Emerging Markets For Continued Growth
PepsiCo Inc. (NYSE:PEP), the world's second-largest food and beverage company, claimed the No.784 spot on the IBTimes 1000 list by expanding aggressively in emerging markets and catering to consumers' demand for healthier food and beverages.
Nonfarm Payroll Report, FOMC Minutes: This Week’s Economic Events
The U.S. nonfarm payroll report on Friday will highlight the economic calendar this week -- April 2 to 6 -- even though it will be released on Good Friday when the stock market is closed.