Bank of america Stories
Top wealth managers' profits hit by expenses
U.S. retail brokerages modestly boosted fourth-quarter profits as higher merger and recruiting expenses largely offset growing management fees and a market-fueled increase in client assets.
Stocks fall on China lending curb, IBM outlook
U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares.
Big U.S. banks report mixed earnings
Four of the major U.S. financial institutions - with a combined market capitalization of $352 billion - reported mixed fourth quarter earnings today.
BofA, Wells Fargo, U.S. Bancorp boosted by M&A
Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.
BofA posts wider loss, but says credit stabilizing
Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
Corrected: BofA posts wider loss, but says credit stabilizing
(Corrects global markets unit net income in 8th paragraph to $1.2 billion from $4.8 billion)
Bank of America reports loss on TARP and lower net interest income
Bank of America (NYSE:BAC) this morning reported a loss of $0.29 per share for the year 2009 and a loss of $0.60 per share for the fourth quarter.
Stocks set for lower open on bank unease
U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.
Stock futures drop on bank earnings jitters
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.
BofA posts wider loss on credit costs
Bank of America Corp reported a wider-than-expected quarterly loss of $5.2 billion, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
Stock futures slide on unease over bank earnings
U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.
BofA posts Q4 loss on credit costs
Bank of America Corp reported a fourth-quarter loss of $5.2 billion, hurt by higher credit costs, lower net interest income and its repayment of U.S. government bailout aid.
Citigroup loss narrows, loans seem to stabilize
Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday, but the bank's shares rose as declining loan losses raised hopes that the worst might soon be over.
Analysts expect BofA loss amid credit, TARP
Bank of America Corp likely will post another loss when it reports fourth-quarter earnings on Wednesday, as banks continue to grapple with their problems loans and a weak economy.
Citigroup Q4 loss narrows, loans seem to stabilize
Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday after recording big charges linked to repaying government funds and bad loans.
Citigroup Q4 loss narrows
Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
Citi meets expectations, sees hope in foreign business
Citigroup Inc, reported a loss of $0.33 per share for its fourth fiscal quarter on Tuesday, in line with analysts' expectations, according to data compiled by FactSet.
Citigroup posts $7.6 billion Q4 loss
Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government funds.
Credit card charge-offs slip at most U.S. companies
U.S. credit card data for December showed some signs that fewer consumers were falling seriously behind in their payments.
JPMorgan loan losses overshadow higher Q4 profit
JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.
Wall St stumbles on JPMorgan, economic data
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits.
JPMorgan, consumer sentiment batter market
U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
JPMorgan losses drag on bank shares, broader market
U.S. stocks slid on Friday, with bank shares leading the way, after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the pivotal industry.
BofA, Capital One credit card charge-offs rise
Bank of America Corp and Capital One Financial Corp reported jumps in U.S. credit card charge-offs for December, suggesting consumers were stressed through the holiday shopping season.
JPMorgan loan losses overshadow higher profit
JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, dashing hopes that consumer credit is on the mend and sending the bank's shares down 2.1 percent.
Banks weigh on Wall Street after JPMorgan earnings
Wall Street stumbled on Friday, weighed by banking stocks after disappointing results from JPMorgan Chase & Co set a gloomy tone for the coming week's earnings.
Stock futures lower after JPMorgan results
U.S. stock index futures pointed to a lower open on Friday as disappointing results from JPMorgan Chase & Co pressured banking stocks.
Stock futures sink after JPMorgan Chase results
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.
JPMorgan profit soars on investment banking
JPMorgan Chase & Co reported better-than-expected fourth-quarter profit on Friday, but losses on mortgages and commercial loans continued to rise and its shares fell nearly 2 percent in premarket trading.
Stock futures dip after JPMorgan Chase results
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.