Bank of america Stories
Bank of America CEO: new shares are not an option
Bank of America Corp will not turn to new share offerings to boost capital, Chief Executive Brian Moynihan said on Wednesday, in an effort to placate investors angry over a recent 20 percent drop in the company's shares.
What Are the Safest Commodities For Smart Investment Portfolios?
Bank of America Merrill Lynch?s Global Commodity Research team announced that they?ve rebalanced their actively managed commodity indices in favor of non-cyclical commodities such as gold.
Dealers See Greater Chance of Recession, QE3
Wall Street economists see odds of around one-in-three the United States will slip back into recession, heightening expectations the Federal Reserve will launch another round of unconventional credit easing.
US STOCKS-Wall St rallies after sell-off; Fed statement on tap
U.S. stocks rebounded sharply on Tuesday after a major sell-off, but markets remained vulnerable to selling if the Federal Reserve fails to ease fears of a double-dip recession.
Dow Jones, Bank of America Gain on Tuesday Trading
The Dow Jones Industrial Average and Bank of America both bounced back from disastrous Mondays to steady gains during Tuesday trading.
Does Bank of America Need to Raise More Capital?
All eyes are on Bank of America (NYSE: BAC) ahead of Tuesday's opening bell after the banking giant suffered a 20 percent loss on Monday's trading.
Pre-market Movers on Aug 9 (PCS, BAC, NYX, AKS, RF, BK, WFR, HAL, DUK, BMY, PCL)
The companies whose shares are moving in pre-market trade on Tuesday are: MetroPCS Communications, Bank of America, NYSE Euronext, AK Steel Holding, Regions Financial, Regions Financial, MEMC Electronic Materials, Halliburton, Duke Energy, Bristol Myers Squibb and Plum Creek Timber.
U.S. Markets to Open Higher Tuesday
U.S. markets were poised to open higher Tuesday as futures rose based on anticipated action from the Fed.
Stock futures rebound from plunge, all eyes on Fed
Stock index futures rose on Tuesday, indicating a partial rebound from the previous session's nosedive, as investors looked to a Federal Reserve statement for clues on how it may combat the growing perception the nation was headed for recession.
Dow Jones Plummets 634 Points Behind Investor Fear
The Dow Jones Industrial Average was rocked by investor fear on Monday, dropping 634 points during trading.
Wall Street sinks on S&P downgrade, economic worry
Investors fled stocks on Monday in the first session since Standard & Poor's cut the AAA credit rating of the United States, adding to worry about the economic outlook and Washington's ability to meet the challenges.
U.S. Stocks Crushed in Massive Sell-Off
Amidst the slaughter in equities, Treasuries rallied and gold soared to a new all-time high.
Wall Street Plunges After S&P's U.S. Debt Downgrade
U.S. stocks plummeted for the second straight session, driving the S&P 500 and the Nasdaq down 6 percent on Monday in the first session since Standard & Poor's cut the nation's perfect AAA credit rating.
Bank of America, Dow Jones Experience Major Drops
As the Dow Jones Industrial Average dropped more than 500 points on Monday, banking giant Bank of America saw its share price get hammered.
Downgradeageddon: U.S. Markets Plummet as Fear Takes Hold
Call it downgradeageddon, the fear sending U.S. markets sharply lower.
Dow Loses 4%; Nasdaq, S&P Lose 5%
The Dow lost four percent in trading mid-day Monday, while the Nasdaq and S&P lost five percent. President Barack Obama addressed downgrade Monday, but the markets dropped further after his comments.
Bank of America shares fall on AIG lawsuit, economy
Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.
AIG sues BofA for $10 billion alleging "massive fraud"
American International Group Inc is suing Bank of America Corp to recover more than $10 billion over a "massive fraud" on mortgage debt, deepening the litigation morass facing the largest U.S. bank.
Bank of America Stock Tumbles with Dow; AIG Suing Bank Over Securities Losses
Bank of America's stock tumbled Monday, down 16 percent as investors reacted to a lawsuit filed against the bank by AIG.
U.S. Stock Sell-Off Accelarates; Dow Down More Than 400 Pts
Some investors, who were already jittery about the European debt crisis, and continued bad news on the US economic front, appear to have thrown in the towel.
U.S. Stocks Open Lower Following S&P Debt Downgrade
In opening minutes of trading, the Dow Jones Industrial Average is down 1.2 percent, S&P 500 has slid 2.2 percent and Nasdaq has fallen 3.1 percent.
Wall Street closes worst week since '08 with wild day
Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point.
Delaware to intervene in BoA $8.5 billion pact
A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement unfair and inadequate, another state attorney general hinted he may also oppose the deal.
Investors buy emerging market debt and gold-EPFR
Investors scrambling for cover during the U.S. deficit and debt ceiling talks and Europe's ongoing sovereign debt crisis sold stock funds and bought emerging market debt and commodities, data from EPFR showed on Friday.
Bank shares slump on Europe, U.S. economic worry
U.S. bank stocks declined on Friday as investors sold off shares of some of the largest U.S. lenders amid new fears surrounding the European debt crisis and a U.S. economy showing little new growth.
Solid U.S. July Job Gains Calm Markets
Solid July job gains calmed U.S. markets on Friday, but Wall Street remained nervous among talk that the nation may be falling into a double-dip recession.
Markets Jittery, Food Stamps Rise, Jobs Improve Slightly
Markets remained jittery Friday even as Dow futures rose ahead of a jobs report that was slightly better than expected.
Total Fear in Market Since 2008 Recession
Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction.The Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.
Paulson's hedge funds endure another rough month
Hedge fund titan John Paulson's flagship funds performed poorly in July and sank further into the red for the year.
Happy Birthday President Obama: How Do You Plan to Fix the Economy?
President Barack Obama turned 50 on Thursday. But the celebration was muted by a big decline on Wall Street. Some economists are suggesting the U.S. is just "one shock" away from another recession, and questions are being peppered to Obama about his plans for turning around the U.S. economy.


