Bank of america Stories
Dow, S&P finish day at two year highs
The Dow Jones Industrial Average and S&P 500 finished above 12,000 and 1,300 points, resepctively, for the first time since mid-2008.
Stocks surging on strong earnings, manufacturing report
U.S. stocks, led by Pfizer and Bank of America, surge.
Bank of America tops the most valued brand among banks: study
A survey by London-based Brand Finance Plc of banks, based on the notional amount that a company would have to pay for the brand, has ranked the Bank of America as the most valuable banking brand with an estimated price of $30.6 billion.
BofA says no 2010 cash bonuses for top executives
Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase in 2011, according to a securities filing on Monday.
Affluent women worry more about outliving money
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
Consumer spending rises 0.7 percent in Dec
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
Affluent women worry about outliving money
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
WikiLeaks founder says enjoys making banks squirm
WikiLeaks founder Julian Assange says he enjoys making banks squirm thinking they might be the next targets of his website which has published U.S. diplomatic and military secrets.
Merill Lynch settles prop trading charges for $10 mln
Bank of America Corp's Merrill Lynch unit has agreed to pay $10 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) that has accused it of fraudulently misusing customer orders so it could trade for its own benefit.
Pre-market movers on Jan. 28 (SLE, MU, BAC, AMZN, F, CCL)
The companies whose shares are moving in pre-market trade on Friday are: Sara Lee, Micron Technology, Bank of America, Amazon, Ford Motor and Carnival Corp.
BofA may pay higher share of bonus in cash: report
Bank of America Corp may give some investment bankers a greater share of their bonus payments in cash for 2010 compared to the previous year, the Wall Street Journal said, citing people familiar with the situation.
LinkedIn's IPO to test appetite for Facebook
LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
Exclusive: Business borrowing up again in December: ELFA
A key measure of business activity strengthened again in December, a lender group told Reuters on Tuesday, as companies borrowed more money to invest in their operations and did a better job of staying
Trust in business tumbled in 2010: survey
Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.
Gold steadies ahead of Fed as haven buying wanes
The main gold exchange-traded fund, the SPDR Gold Trust, recorded its biggest ever one-day outflow on Tuesday. The precious metal is taking some support from physical demand after its slide to its lowest since October 28, but buying interest remains lackluster.
BofA's Countrywide sued, accused of massive fraud
Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a massive fraud when they bought mortgage-backed securities.
Russia’s central bank will increase gold reserves by over 100 tons every year
The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.
Stocks narrowly mixed as blue-chip earnings disappoint
Disappointing earnings reports from blue chips Johnson and Johnson and 3Com cast a pall on U.S. stocks
Analysis: Be careful what you wish for: the China Price starts
Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.
Stocks finish mixed
U.S. stocks delivered mixed results Friday, General Electric led the way among blue chip stocks with a stronger-than-expected earnings, while financial sector stocks turned in mixed results.
Dow, S&P 500 rising; Nasdaq lower
Dow and S&P continue to be fueled by General Electric, Exxon Mobil; but Nasdaq slips
Merrill Lynch revenue up as assets rise
Merrill Lynch's fourth-quarter revenue surged as the No. 2 U.S. brokerage bolstered its ranks of financial advisers and added client assets.
BofA posts net loss after writedown
Bank of America Corp, the largest U.S. bank by assets, reported a second straight quarterly net loss, hurt by a $2 billion writedown of the value of its mortgage business.
Instant view: Bank of America posts loss, shares fall
Bank of America Corp, the largest U.S. bank by assets, reported a second straight quarterly loss, driven by a $2 billion writedown of its mortgage business.
US stocks open higher on upbeat earnings
US stocks advanced in early trade on Friday as upbeat quarterly results from General Electric and Google and strong German IFO business sentiment data boosted investor sentiment.
BofA posts loss on writedown
Bank of America Corp, the largest U.S. bank by assets, reported a second straight quarterly loss, driven by writedowns in the value of its mortgage business.
Pre-market movers on Jan. 21 (GE, AIG, MU, GOOG, SLB, SLE, BAC, BIIB)
The companies whose shares are moving in pre-market trade on Friday are: General Electric, Google, Micron Technology, Sara Lee, American International Group, Schlumberger and Biogen Idec.
Stocks set to open higher after Google, GE earnings
Futures on major U.S. indices point to a higher opening on Friday with futures on the S&P 500 up 0.15 percent, futures on the Dow Jones Industrial Average up 0.11 percent and Nasdaq100 futures up 0.15 percent.
Pre-Market Earnings on Jan. 21 (GE, BAC, SLB, BBT, APD, STI)
The companies that reported earnings before the markets open on Friday are: General Electric, Bank of America, Schlumberger, BB&T, Air Products and SunTrust Banks.
Stocks in Focus (BAC, AMD, GOOG, GE, ISRG, SLB, IGT, ELX, COF)
The companies which are expected to see active trade on Friday are: Bank of America, Advanced Micro Devices, Google, General Electric, Intuitive Surgical, Schlumberger, International Game Technology, Emulex and Capital One Financial.