Bank of America Corporation
 (BAC)

- NYSE
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Sep. 23, 2011, 8:08 AM

    In premarket trading, Bank of America (BAC) breaks below $6 for the first time since March 2009. Shares -1.8% at $5.95. Not helping is South Korea's SWF denying a report it has decided to add to its 69M share stake.

    | Sep. 23, 2011, 8:08 AM | 1 Comment
  • Sep. 22, 2011, 9:25 AM

    Bank of America (BAC) is -3.2% premarket to $6.18, within shouting distance of its late-August, pre-Buffett low of $6.01. Peter Tchir doesn't think yesterday's downgrade is a huge deal, but notes at the margin, firms will be less inclined to trade with a lower-rated counterparty, and - more importantly - could cut their trade lines with the bank.

    | Sep. 22, 2011, 9:25 AM | 1 Comment
  • Sep. 21, 2011, 5:16 PM
    A worse performer in the financials than Bank of America (BAC) and Citigroup (C) since markets began falling in late July? Morgan Stanley (MS), which fell 8.6% today to a new 52-week low. Its decline over the last 7 weeks comes to 42%.
    | Sep. 21, 2011, 5:16 PM
  • Sep. 15, 2011, 10:56 AM

    Hospital operator HCA, which was taken public by its PE owners in March, rises 10.4% after announcing it will repurchase 80.7M shares from Bank of America (BAC). Three BofA-appointed board members will resign following the transaction, which will roughly give the bank a 3x return on its investment, originally made by Merrill Lynch's PE arm.

    | Sep. 15, 2011, 10:56 AM | 1 Comment
  • Sep. 7, 2011, 10:36 AM

    Josh Brown thinks the Bank of America (BAC +3.5%) reorg isn't going to save Merrill Lynch, and Sallie Krawcheck "never really had a shot" to make it work: "Sallie couldn't change the fact that the brokers have no interest in peddling bank products or making referrals to other divisions... [or] change the fact that once the brand name is tarnished, there is little reason for the salesforce to stay."

    | Sep. 7, 2011, 10:36 AM
  • Sep. 6, 2011, 1:54 PM

    KBW weighs in on the FHFA lawsuit filed Friday against the banks, saying it could cost the mortgage-bond issuers nearly $60B. A much smaller settlement is more likely however, because the banks have a strong defense. Bank of America (BAC -3.3%), Citigroup (C -2.5%) and J.P. Morgan Chase (JPM -3.7%).

    | Sep. 6, 2011, 1:54 PM | 1 Comment
  • Sep. 6, 2011, 10:15 AM
    The big banks being sued by the FHFA are taking a beating, exacerbated by the aggressive selling in European banks: SCGLY.PK -13.9%, CS -12.1%, RBS -12.1%, DB -8.9, BCS -8.9%, NMR -7.6%, BAC -6%, C -5.1%, JPM -4.5%, HBC -4.5%, GE -4.4%, MS -4.3%, FHN -3.6%, GS -2.8%. (also)
    | Sep. 6, 2011, 10:15 AM | 1 Comment
  • Sep. 6, 2011, 9:39 AM
    History is repeating itself with Warren Buffett's rescues: BofA (BAC) opens -5.2% at $6.87, or $0.11 below its value before Buffett injected $5B. BofA had surged to $8.80 the day afterwards. The same happened with his investments in GS and GE, although he still made money on them.
    | Sep. 6, 2011, 9:39 AM
  • Sep. 6, 2011, 9:00 AM

    Premarket gainers: VRUS +9%. TLK +3%.
    Losers: CS -14%. RBS -13%. UBS -12%. ING -11%. ALU -11%. STM -11%. IRE -10%. NBG -10%. DB -10%. CTIC -10%. LOGI -10%. ABB -9%. BCS -8%. MT -9%. LYG -9%. STD -8%. TS -7%. DNDN -6%. TEF -6%. ASML -6%. TOT -6%. FTE -6%. WFT -5%. RDS -5%. TSEM -5%. MPEL -5%. RIG -5%. NVS -5%. NOK -5%. SID -5%. BAC -5%. LVLT -5%. C -4%. JDSU -4%. HBC -5%. BHP -4%.

    | Sep. 6, 2011, 9:00 AM
  • Sep. 2, 2011, 9:37 AM

    Financials limp out of the gate, with weak jobs data piling on already bad news: a federal agency is set to sue big banks over misrepresenting the quality of mortgage securities, and the Fed asks BofA (BAC -7.7%) to show contingencies if conditions get worse for the bank. JPM -4.1%, C -5.6%. Financials SPDR (XLF -3%) has dropped more than 14% in three months.

    | Sep. 2, 2011, 9:37 AM | 8 Comments
  • Sep. 2, 2011, 9:00 AM

    Premarket gainers: LIZ +10%. FNSR +8%. GSS +4%. HL +3%. SLW +3%.
    Losers: NFLX -10%. BAC -7%. BTU -7%. C -6%. CMO -5%. BP -5%. MT -4%. CLWR -4%. STD -4%. LVLT -4%. TS -4%. RF -4%. DB -3%. CYS -3%. DRYS -3%. AGNC -3%. S -3%. SINA -3%. CAT -3%. BIDU -3%. WFC -3%. MGM -3%. IVR -3%. ATPG -3%. BCS -3%. RAD -3%. MS -3%. ANH -3%. AMD -3%.

    | Sep. 2, 2011, 9:00 AM
  • Sep. 2, 2011, 7:45 AM

    Bank of America (BAC -2.8%) falls premarket as legal troubles for the lender continue to mount. The other banks specifically named as possibly getting sued by the FHFA: Deutsche Bank (DB -2.5%), JPMorgan (JPM -0.9%), Goldman Sachs (GS -0.2%).

    | Sep. 2, 2011, 7:45 AM | 1 Comment
  • Aug. 29, 2011, 3:13 PM
    It's not just the mega financial names like BofA (BAC +6.6%) and Citigroup (C +4.1%) moving higher today after a decent day for European and economic news, a whole slew of brokerage firms and investment banking companies are joining the party. Strong gainers include: PJC +8.11%, JEF +6.9%, KBW +5.9%, RODM +5.4%.
    | Aug. 29, 2011, 3:13 PM | 1 Comment
  • Aug. 29, 2011, 1:24 PM

    All 10 major S&P sectors are up by 1% or more, but financials (XLF +3.5%) are spiking following bank beatdowns of recent weeks and a bid for insurers (KIE +5.3%) after Irene's damage appears less severe than feared. Bank of America (BAC +6%) rallies (earlier) even after at least two firms lower price targets. Also: JPM +2.9%, WFC +2.9%, C +3.8%, MS +3.8%.

    | Aug. 29, 2011, 1:24 PM | 1 Comment
  • Aug. 29, 2011, 9:52 AM

    Bank of America (BAC +3.2%) confirms that it will sell 13.1B shares of China Construction Bank (CICHY.PK). The sale is expected to generate ~$8.3B in cash proceeds and an after-tax gain of ~$3.3B; it should generate ~$3.5B in additional Tier 1 common capital under Basel I. BofA retains a 5% stake in CCB.

    | Aug. 29, 2011, 9:52 AM
  • Aug. 29, 2011, 9:00 AM

    Premarket gainers: NXG +46%. SBG +38%. VQ +30%. YOKU +10%. TGB +9%. CIGX +8%. MU +4%. PFE +3%. RF +3%. MGM +3%. BAC +3%. OVTI +3%. BBVA +3%. AUO +3%.
    Losers: FRO -3%. LDK -3%.

    | Aug. 29, 2011, 9:00 AM
Company Description
Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.