Bank of america Stories
TSX hits 10-week high on Europe hope, U.S. banks
Canada's main stock index touched a 10-week high on Thursday as the financial and energy-linked sectors climbed on easing concerns about the European debt crisis and encouraging U.S. bank earnings.
American Express Earnings Preview: Upside Surprise in 4Q?
American Express Company (NYSE: AXP), the biggest credit-card issuer by purchases, is expected to beat Wall Street's consensus profit estimates, with earnings gains driven by stronger consumer spending and a diversified business model. This is sharp change from prior quarters when the company grew profits by dipping deeper into the company's reserve funds that were set aside to cushion against future losses.
Instant view: Bank of America, Morgan Stanley post Q4 results
Bank of America reported a fourth-quarter profit of $1.58 billion, or 15 cents a share, compared with a year-earlier loss of 16 cents a share.
Bank of America's 4Q Reverses Year-Earlier Loss
Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans.
Stocks in Focus (MSFT, IBM, GOOG, MS, BAC, INTC, EBAY, AXP, ISRG, LUV, UNH, XLNX)
The companies expected to see active trade on Thursday are: Microsoft, International Business Machines, Google, Morgan Stanley, Bank of America, Intel Corp, eBay, American Express, Intutive Surgical, Southwest Airlines, UnitedHealth Group and Xilinx.
Japan's Nikkei Climbs to Five-Week High
Japan's Nikkei average hit a five-week closing high on Thursday, soaring past its 75-day moving average as the euro climbed on news that the International Monetary Fund is seeking to bolster its funds to stem the euro zone sovereign debt crisis.
U.S. Stocks Reach Highest Level Since July
Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
Wall Street Gains 1% as IMF Gives Europe Hope
Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
Bank of America Earnings Preview: Modest Profit Predicted, Concerns Remain
Bank of America (NYSE:BAC), the second-biggest U.S. bank by assets, is expected to post a modest profit gain in the fourth quarter as cost-cutting offsets declining revenue from trading, retail and mortgage divisions.
BNY Mellon, Hybrid of the Finance World, Likely to Disappoint Wednesday
When the Bank of New York Mellon (NYSE:BK) reports its quarterly earnings Wednesday morning, the results will be a reflection of an institution at a crossroads. BNY, an industry player widely known for its dominance in the sleepy turf of trust banking, is trying to muscle its way into the more aggressive corners of Wall Street trading. Earnings could show what it's like when a bank occupies the worst of both those worlds of finance.
Goldman Sachs Q4 Earnings Likely to Disappoint, the Question Is By How Much
As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.
U.S. Stocks Close Lower, Snap Four-Day Winning Streak
Stocks dropped on Friday, snapping a four-day winning streak, after news reports that Standard & Poor's would downgrade credit ratings on several euro-zone countries.
BofA told Fed it could sell branches in emergency: source
Bank of America Corp told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.
Wall Street Week Ahead: It's Earnings Vs. Europe for Stock Investors
U.S. stock investors will return to a tug-of-war between signs of domestic strength and overseas concerns next week as a batch of critical earnings reports look to add credence to the idea the economy is improving, while credit-rating downgrades in Europe will keep that region's difficulties in view.
Wall Street drops on euro-zone downgrade chatter
U.S. stocks were on track to end the week with modest gains as major indexes pulled back from session lows after falling more than 1 percent on Friday on talk that Standard & Poor's was ready to downgrade ratings on several euro-zone countries.
Stock Futures Mixed; JPMorgan Earnings Eyed
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures up 0.16 percent at 1039 GMT.
BofA mulling retreat if financial problems worsen: report
Bank of America Corp , the second-largest U.S. bank by assets, has informed U.S. regulators that it is willing to draw back from some parts of the country if its financial problems worsen, the Wall Street Journal reported on Friday, citing people familiar with the situation.
New Consumer Chief Cordray Dialing up Bank CEOs
New consumer financial chief Richard Cordray has been calling the heads of some of the top U.S. banks in an effort to build support for his agency, which is viewed skeptically by the financial industry.
Top CEOs Urge Court to Throw out SEC-Citigroup Ruling
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge's controversial decision making it harder for companies to settle Securities and Exchange Commission fraud cases.
CEOs urge court to throw out SEC-Citigroup ruling
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge's controversial decision making it harder for companies to settle Securities and Exchange Commission fraud cases.
Europe Auctions to Lift Wall Street Despite Weak Data
Strong bond auctions in Europe set up Wall Street stocks for a slightly higher open on Thursday, though weaker-than-expected U.S. data could cap gains.
U.S. Stock Futures up after Spain's Debt Auction
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.
Top Aftermarket NYSE Gainers (TRU, WLT, C, JAG, FCX, BAC, HOV, HGG, LIZ, JKS)
The top aftermarket NYSE gainers on Wednesday were: Torch Energy Royalty, Walter Energy, Citigroup, Jaguar Mining, Freeport-McMoran Copper, Bank of America Corp, Hovnanian Enterprises, HHGregg, Liz Claiborne and Liz Claiborne.
Bank of America Puts Advertising Account on Review
Bank of America Corp has put its advertising account up for review as it seeks to mold a new image for a company that has changed significantly since the financial crisis and suffered repeated blows to its brand.
Analysis: Federated Cryptically Votes Nay on Corporate Pay
Federated Investors Inc objected to hundreds of executive pay packages in last year's corporate proxy voting, a rarity in the don't-rock-the-boat mutual funds industry.
Bank Profit Reports Could Be Lifted by Biz Loans
A recent rise in loans to businesses is spurring hope that bank earnings reports, which begin Friday, will show that the outlook for this economically critical industry is better than its battered stock prices and weak investment banking volumes would suggest.
Stock Futures Off after Market Hits 5-month High
Stock index futures dipped on Wednesday, a day after major indexes hit a five-month high, with pressure on the euro testing the recent view that the U.S. market was decoupling from Europe.
Top Aftermarket NYSE Gainers (BORN, SNX, HPT, CHH, IRE, YGE, BZ, FCH, HOT)
The top aftermarket NYSE gainers Tuesday were: China New Borun Corp, Synnex Corp, Hospitality Properites Trust, Choice Hotels International, Bank of Ireland, Yingli Green Energy Holding Co, Boise Inc, FelCor Lodging Trust and Starwood Hotels & Resorts Worldwide.
BofA and others being probed over home insurance: source
The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
Bank of America's Asia Firings Latest Move in Asian Bank Retreat
Bank of America Merril Lynch's (NYSE:BAC) move to fire one-fifth of the managing directors in its Asia operations, while significant, is only the latest sign foreign banks are jumping ship on investment banking opportunities within that market.


