Bank of America Corporation (BAC) - NYSE
  • Oct. 7, 2009, 10:00 AM
    Dow leaders early on: CSCO +1.6%. BAC +1.5%. KO +1.4%. Laggards: T -1.5%. MMM -1.1%. BA -1%. MRK -1%.
    | Oct. 7, 2009, 10:00 AM
  • Oct. 7, 2009, 8:40 AM
    Sources say BofA (BAC) has narrowed its list of internal candidates for CEO to Chief Risk Officer Gregory Curl and Brian Moynihan, the consumer and small-business banking chief - although it continues to consider an outside hire. If Curl, 61, were named CEO, it would likely be a two-year stint; Moynihan, 49, could be a longer-term choice.
    | Oct. 7, 2009, 8:40 AM | 1 Comment
  • Oct. 6, 2009, 7:04 PM

    With a letter to lawmakers, Bank of America (BAC) pledges not to hike credit-card rates or make sudden changes to customers' terms ahead of new consumer protections taking effect in February.

    | Oct. 6, 2009, 7:04 PM | 6 Comments
  • Oct. 6, 2009, 3:08 PM
    Dow leaders: AA +3.3%. INTC +2.6%. PFE +2.3%. MRK +2.1%. DIS +1.8%. HPQ +1.8%.
    Dow laggards: BAC -0.7%. BA -0.6%.
    | Oct. 6, 2009, 3:08 PM
  • Oct. 6, 2009, 2:18 PM

    Bank of America's (BAC) contest to succeed CEO Ken Lewis has been focused on some flashy new hires, but the best execs may have been the ones already guiding the bank back out of the woods, Heidi N. Moore writes in a profile of the lesser-known players.

    | Oct. 6, 2009, 2:18 PM | 1 Comment
  • Oct. 6, 2009, 7:54 AM
    Pay czar Ken Feinberg's first move to clamp down on pay at the seven firms he regulates (AIG, BAC, C, GM, GMAC, Chrysler and Chrysler Financial) will reportedly be to clip top executives' take-home pay, shifting a portion of their compensation into stock with a several-year lockup. The government hopes his suggestions will be voluntarily adopted by other companies.
    | Oct. 6, 2009, 7:54 AM | 8 Comments
  • Oct. 5, 2009, 5:52 PM

    With the news that Merrill Lynch is already responsible for a quarter of BofA's (BAC) profits, a source close to the deal thinks Ken Lewis just panicked, and that the seemingly awful deal was always going to be profitable. Maybe this marriage will work after all.

    | Oct. 5, 2009, 5:52 PM
  • Oct. 5, 2009, 4:34 PM

    American Express (AXP) president Alfred Kelly - blocked from the CEO job by Kenneth Chenault's signaling he's staying put there for a while - is leaving to pursue a chief executive job with another company. Analysts say Kelly's not a likely choice for soon-to-be-chiefless BofA (BAC), though.

    | Oct. 5, 2009, 4:34 PM
  • Oct. 5, 2009, 3:19 PM
    Dow leaders: AA +5%. JPM +4.5%. CAT +3.7%. BAC +3.3%. GE +3.1%.
    Dow laggards: MSFT -1.5%. KO -0.3%. PG -0.2%. WMT -0.1%.
    | Oct. 5, 2009, 3:19 PM
  • Oct. 5, 2009, 11:11 AM

    Buying Merrill Lynch likely helped bring down Bank of America (BAC) CEO Ken Lewis, which is ironic, because the purchase is already generating more than 25% of BofA's profits.

    | Oct. 5, 2009, 11:11 AM | 3 Comments
  • Oct. 5, 2009, 10:17 AM

    Dow leaders early on: JPM +3%. BAC +2.9%. CAT +2.6%. AXP +2.3%. GE +1.9%. DD +1.3%. Laggards: MSFT -0.8%. PG -0.7%. KO -0.7%. KFT -0.7%. MRK -0.7%.

    | Oct. 5, 2009, 10:17 AM
  • Oct. 5, 2009, 8:28 AM

    Sources say Bank of America's (BAC) board will settle this week on an emergency CEO in case legal turmoil forces Ken Lewis to step down before year-end. The TARP IG report due out today will also say that while government officials didn't pressure BofA to hide Merrill's losses from shareholders, it was under pressure to finish the deal.

    | Oct. 5, 2009, 8:28 AM
  • Oct. 2, 2009, 2:34 PM
    BofA (BAC +1.5%) has formed a six-person search committee to replace exiting chief Kenneth Lewis, and three of the members are close to consumer unit leader Brian Moynihan. Meanwhile, Citigroup's (C) Vikram Pandit holds on as the last of the "extraordinarily helped" CEOs.
    | Oct. 2, 2009, 2:34 PM
  • Oct. 2, 2009, 1:18 PM
    Dow leaders: JPM +2.5%. TRV +1.8%. AXP +1.6%. KO +1.5%. BAC +1.4%.
    Dow laggards: GE -2.5%. BA -1.5%. CSCO -1.2%. HPQ -1.1%. PFE -1%.
    | Oct. 2, 2009, 1:18 PM
  • Oct. 2, 2009, 10:00 AM
    Dow leaders early on: INTC +0.9%. KO +0.9%. MRK +0.8%. TRV +0.7%. Laggards: GE -3.3%. BA -2.6%. BAC -2.5%. AA -1.8%. CAT -1.4%. DIS -1.2%. HPQ -1.1%. HD -1%. MCD -0.9%.
    | Oct. 2, 2009, 10:00 AM
  • Oct. 2, 2009, 8:43 AM
    BofA (BAC -0.8%) meets today to decide on a course of action to replace Ken Lewis, with the government said to have a say in the final decision. There are any number of directions the board could take, with some thought to favor an insider, and others leaning toward a brand-name outsider.
    | Oct. 2, 2009, 8:43 AM | 2 Comments
Company Description
Bank of America Corp. operates as a bank holding company, which provides banking and nonbanking financial services and products through its banking and various nonbanking subsidiaries throughout the U. S. and in certain international markets. It operates through five segments: Consumer and... More
Sector: Financial
Industry: Regional - Mid-Atlantic Banks
Country: United States