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Business Wire (Thu, 1:33PM)
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Business Wire (Thu, 11:00AM)
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Share Buybacks Driving The Dow HigherBrad Kenagy • Wed, May 22 -
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Business Wire (Tue, 10:02AM)
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Business Wire (Tue, 8:56AM)
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20 -
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Share Buybacks Driving The Dow HigherBrad Kenagy • Wed, May 22
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20
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Bank of America's CEO Discusses Q3 2012 Results - Earnings Call TranscriptWed, Oct 17, 2012 • 6 Comments
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Bank of America's CEO Discusses Q2 2012 Results - Earnings Call TranscriptWed, Jul 18, 2012 • 6 Comments
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Bank of America's CEO Discusses Q4 2011 Results - Earnings Call TranscriptThu, Jan 19, 2012 • 1 Comment
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Bank of America's CEO Discusses Q3 2011 Results - Earnings Call TranscriptTue, Oct 18, 2011 • 1 Comment
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Bank of America Corporation Special CallThu, Aug 11, 2011 • 10 Comments
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Bank of America's CEO Discusses Q2 2011 Results - Earnings Call TranscriptTue, Jul 19, 2011 • 1 Comment
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Bank of America's CEO Discusses Q1 2011 Results - Earnings Call TranscriptFri, Apr 15, 2011 • 3 Comments
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Bank of America's CEO Discusses Q4 2010 Results - Earnings Call TranscriptFri, Jan 21, 2011 • 1 Comment
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Bank of America Corporation Q1 2010 Earnings Call TranscriptFri, Apr 16, 2010
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Bank of America Corporation Q4 2009 Earnings Call TranscriptWed, Jan 20, 2010 • 1 Comment
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Bank of America Corporation Q3 2009 Earnings Call TranscriptFri, Oct 16, 2009 • 1 Comment
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Bank of America Corporation Q2 2009 Earnings Call TranscriptFri, Jul 17, 2009
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Bank of America Corporation Q1 2009 Earnings Call TranscriptMon, Apr 20, 2009
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The Trader's Expo New York: A Commodity Trader's Stock Picks TranscriptFri, Feb 27, 2009 • 3 Comments
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Bank of America Corporation Q4 2008 Earnings Call TranscriptMon, Jan 19, 2009 • 3 Comments
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Bank of America Corporation Q3 2008 Earnings Call TranscriptTue, Oct 7, 2008
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at CNBC.com (Thu, 4:04PM)
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Business Wire (Thu, 1:33PM)
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at MarketWatch.com (Thu, 11:07AM)
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Business Wire (Thu, 11:00AM)
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at CNBC.com (Wed, 8:06AM)
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Business Wire (Tue, 10:02AM)
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Business Wire (Tue, 8:56AM)
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at CNBC.com (Tue, 8:17AM)
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at MarketWatch.com (Mon, 10:42AM)
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at Fox Business (Mon, 8:45AM)
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at CNBC.com (Mon, 8:00AM)
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at Fox Business (Fri, 11:16AM)
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at CNBC.com (May 16, 2013)
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at Fox Business (May 16, 2013)
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at MarketWatch.com (May 16, 2013)
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at CNBC.com (May 16, 2013)
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at CNBC.com (May 14, 2013)
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at MarketWatch.com (May 14, 2013)
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at CNBC.com (May 14, 2013)
BAC vs. ETF Alternatives
Company Description
Bank of America Corporation (together, with its consolidated subsidiaries, Bank of America, the Corporation, our company, we or us) is a Delaware corporation, a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. Our principal executive offices are located in... More
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- Friday, May 24, 7:40 AM Bank of America (BAC) is seeking bids for about 40 branches in rural NY and PA, reports Bloomberg. The branches hold about $1B in deposits and could go for $20M-$30M, according to a source. On a cost-cutting drive, BofA has been closing or selling outlets for a couple of years, its branch count now at 5,389 vs. about 6K when Brian Moynihan took over in 2010. Comment! [Financials]
- Tuesday, May 21, 9:11 AM Bank of America (BAC) looks to save some money, launching a preferred stock offering with proceeds set to redeem outstanding Series J (7.25%), Series 6 (6.7%), and Series 7 (6.25%) preferreds. Shares +0.3% premarket. (PR) 2 Comments [Financials]
- Friday, May 17, 2:59 PM Wells Fargo (WFC) and Citigroup (C) have halted the vast majority of foreclosure sales in numerous states following the release of new standards from the OCC, reports the American Banker. Harkening back to the days of the robo-signing scandal, Wells' foreclosure sales across 5 westerns states dropped to fewer than 10 per day in April from more than 300 previously. JPMorgan (JPM) also slowed sales, but has returned to normal activity. BofA (BAC) is proceeding as usual. 1 Comment [Financials, U.S. Economy]
- Thursday, May 16, 3:55 PM Described as a win for Wall Street's biggest swaps dealers - JPM, BAC, C, MS, and GS - the CFTC approves new swap trading rules 3 years after the passage of Dodd-Frank. The rules mandate new trading platforms making bids and offers public, but require traders send request for bids to just two firms before execution rather than the five some had called for. Smaller exchanges aren't sweating it, instead happy they now have a defined system to operate under. 1 Comment [Financials]
- Friday, May 10, 1:00 PM Bank of America (BAC) fights back against NY's crusading AG, telling Eric Schneiderman he has no right to sue over violations to the $25B mortgage settlement without giving the bank time to cure said violations (which the bank denies making). The settlement, say BofA lawyers, gives the bank 42 days to act after being notified of any issues. 4 Comments [Financials]
- Friday, May 10, 8:39 AM NY AG Schneiderman may have to drop the state's case against Bank of America (BAC) over misleading investors during the Merrill Lynch acquisition after a judge last month approved a $2.43B class-action settlement for shareholders. "Once shareholders have made their peace, they can't take a 2nd bite of the apple through the AG," says a securities lawyer. 4 Comments [Financials]
- Friday, May 10, 7:21 AM Looking for growth, KeyBank (KEY) finds it, purchasing a Bank of America (BAC) CMBS portfolio and acquiring Berkadia Commercial Mortgage's special servicing business. Berkadia will act as sub-servicer on all CMBS primary servicing just acquired from BofA. Upon closing Key's commercial servicing portfolio will be about $205B - top 3 in the country. (PR) Comment! [Financials]
- Tuesday, May 7, 1:02 PM A new twist in the legal battle between AIG and BAC as a judge rules the insurer did not give up its right to sue BofA over $7B in MBS-related losses even though it unloaded the paper as part of its bailout. The FRBNY has already settled with BofA over MBS its Maiden Lane II took in from AIG as part of the rescue. 14 Comments [Financials]
- Monday, May 6, 4:57 PM More on the BofA/MBIA settlement: As the settlement occurred prior to the filing of BofA's (BAC) 10-Q, the bank will take a Q1 charge of $1.5B, or $0.10/share, bringing net income down from $0.20/share to $0.10. The Tier 1 Capital Ratio will increase 10 bps to 9.52%, reflecting the reduction in risk-weighted assets associated with terminated CDS contracts. Tangible book value drops $0.10/share to $13.36. In addition to cash of about $1.7B, BofA will provide a $500M credit line to MBIA Insurance. It will also receive warrants to purchase 9.94M shares of MBIA (MBI) stock - roughly a 4.9% stake - at an exercise price of $9.59/share anytime prior to May 2018. (PR) Comment! [Financials]
- Monday, May 6, 12:54 PM More on the BofA/MBIA settlement: Bank of America (BAC +4%) will pay MBIA's mortgage insurance arm about $1.6B plus some IOUs, bringing the total amount to $1.7B, reports the WSJ. Additionally, the bank will take about a 5% stake in the holding company, MBIA (MBI +41.9%). It's a win-win as MBIA Insurance gets a lifeline and BofA removes the potential of a far larger award at trial. Congrats to BTIG's Mark Palmer and keen bloggers like Christian Herzeca who recognized MBIA's legal "loss" last week as a big push for BofA to get this thing settled. Comment! [Financials, On the Move]
- Monday, May 6, 12:16 PM MBIA (MBI +40.7%) soars on a rumored settlement with Bank of America (BAC +3.2%) over mortgage putback issues. BofA will reportedly take a 5% stake in MBIA, paying $1.65B along with a $500M credit line. 10 Comments [Breaking News, Financials, On the Move]
- Monday, May 6, 10:02 AM More from the NY Attorney General: Schneiderman is set to sue Bank of America (BAC +2.2%) and Wells Fargo (WAC +0.3%) for "repeatedly violating" the terms of the $26B mortgage settlement, reports the NYT. At issue are improvements in servicing standards such as ending the bureaucratic nightmare of loan mods or foreclosure relief. Schneiderman's office has reportedly documented 210 violations against Wells, and 129 against BofA since October. 4 Comments [Financials]
- Monday, May 6, 8:14 AM Bank of America (BAC) gets welcome news as NY and Delaware drop their objections to the $8.5B settlement over Countrywide MBS, saying new facts have been uncovered. The chances this settlement could get thrown out this month by a judge is one of the last refuges of the BofA bears (if you ask the BofA bulls). Previous: The FHFA drops its objections. Shares +0.7% premarket. 3 Comments [Financials]
- Friday, May 3, 2:44 PM Bank of America's (BAC +0.5%) $8.5B settlement to take care of claims from Countrywide-backed MBS should be rejected, says a group of investors led by AIG in a NY State Supreme Court filing today. Separately however, the FHFA withdrew its "conditional objection" to the settlement. The Article 77 hearing is set to begin on May 30. BofA would be open to massive liability should a judge throw out the agreement. 8 Comments [Financials]
- Tuesday, April 30, 1:30 PM Bank of America Corp (BAC) declares $0.01/share quarterly dividend, in line with previous. Forward yield 0.33%. For shareholders of record June 07. Payable June 28. Ex-div date June 05. (PR) 5 Comments [Dividends]
- Tuesday, April 30, 11:54 AM MBIA (MBI -5.8%) investors are disappointed at not winning summary judgement in the case against Bank of America, but the ruling as a whole sends "a very strong message to BAC about how difficult it would be for it to win at trial," writes Mark Palmer. He still expects BofA to cut a deal either out of self-interest or after being forced to the table by regulators. MKM Partners agrees and maintains its Buy rating and $18 price target. 2 Comments [Financials, On the Move]
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O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
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vireoman: Also in F & BAC, and other highs w NRG FIATY WLP MNKD etc. As I don't intend to sell any of them, I'll still own when they're well below -
american nomad: F bottoming in EUR + new product intro's = exciting month's ahead...
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John McCoy
Added to $BAC position today. #BAC will be $30 stock in 3-4 years, will pay respectable dividends as well. Nows the time to go long $BAC. - View all 3 replies
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John McCoy: I know, but my cost basis was low enough that adding a few more $BAC shares at this level did not increase my average cost signficantly.
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John McCoy: I don't mind averaging up a bit if I think the potential is there, and it's there with $BAC.
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MSF INVESTMENTS
$BAC Market Edge Daily initiated a " Strong Buy " and the stock is under accumulation as of yesterday's close. - View all 0 replies
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MSF INVESTMENTS
Top Bollinger at $13.40 for resistance still room to go. Stock market trend is up and momentum is bullish too......it's a BUY $BAC. - View all 0 replies
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Frederic Ruffy
The biggest equity options trade Monday was: 24K Weekly 13 calls on $BAC bot for 9 cents, basically a play on a move north of $13 by Friday - View all 2 replies
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LATEST REPLIES
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vireoman: Also in F & BAC, and other highs w NRG FIATY WLP MNKD etc. As I don't intend to sell any of them, I'll still own when they're well below
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american nomad: F bottoming in EUR + new product intro's = exciting month's ahead...
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John McCoy
Added to $BAC position today. #BAC will be $30 stock in 3-4 years, will pay respectable dividends as well. Nows the time to go long $BAC. - View all 3 replies
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John McCoy: I know, but my cost basis was low enough that adding a few more $BAC shares at this level did not increase my average cost signficantly.
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John McCoy: I don't mind averaging up a bit if I think the potential is there, and it's there with $BAC.
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DeepValueLover
$MBI vs. $BAC is this FINALLY coming to an end? When it does I expect a 60% one day spike in MBIA. - View all 4 replies
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Ghosts of Kariela: Still can go higher, i added today, when they spin off $hitCo aka structred sub. Then the stock will really get going! -
Ghosts of Kariela: Though my opinion of Jay Brown has droped a bit recently.
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Victoria70
Hi Trader: Can anyone explain to me why BAC is so low compared to KEY and RF. Boy did I make a mistake buying BAC! - View all 6 replies
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vml1999: BAC is hold, RF or KEY In my opinion should looked at. RF, used to work for it. Strong company. Conservative.
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Brandon1268: BAC is not growing, RF is doing a lot to expand. They just signed a deal with Fiserv to improve online banking. BAC's done nothing at all
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Phr3d: not a chance this year, wfc offer would be lowball against BAC's books, board wouldn't take it. fed wouldn't approve regardless
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Frederic Ruffy
The biggest equity options trade Monday was: 24K Weekly 13 calls on $BAC bot for 9 cents, basically a play on a move north of $13 by Friday - View all 2 replies
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OpusNephilim: JPM doesn't have the assets to do so. BAC has the largest portion of pensions and mortgages of the US banking system, thus they're viable.
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SA Editor Jonathan Liss: This is why people should never rely on twitter alone! 2nd reliable source always a good idea -
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hahaha48: unless the market has a big correction I'll not move my 30% which is in very short term bonds. 70% stock 30% very short term bonds
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Trendyglitzcompany
AA & BAC two of the best for next 36 months or less for those seeking % gains imo - View all 2 replies
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Trendyglitzcompany: Great! Happy you got a good profit. I have been trading it some and still have longs for that 36 months posted. ANR, ACI, MSO next!
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MSF INVESTMENTS: Whitney said it on CNBC and it is so low they have to.
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