A Long Way Down For Financial CDS
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Banking Round-Up: Price-To-Book Ratio ComparisonsTrefis • Mon, May 20 -
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Business Wire (May 14, 2013)
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A Long Way Down For Financial CDSBespoke Investment Group • Tue, May 21
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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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Business Wire (Tue, 10:02AM)
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at CNBC.com (Tue, 6:16PM)
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at MarketWatch.com (May 14, 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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Business Wire (May 14, 2013)
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at Fox Business (May 14, 2013)
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at CNBC.com (May 13, 2013)
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Business Wire (May 13, 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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- | On the move
- Tuesday, April 16, 11:42 AM Merrill Lynch (BAC) is fined $1.05M (not a typo) by Finra and ordered to pay $323K in restitution for failing to provide the best possible execution prices on certain transactions. "This matter ... was caused by a processing issue that has been corrected," says a BofA representative. 5 Comments [Financials]
- Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
- Friday, April 12, 1:13 PM A Bank of America (BAC) request to throw out a lawsuit alleging it took kickbacks from mortgage insurers in exchange for business is denied by a federal judge. Also named as defendants in what lawyers are trying to make a class-action suit are the insurers: RDN, GNW, and United Guaranty (AIG). 2 Comments [Financials]
- Friday, April 12, 12:09 PM "Expect more pronounced slowing" in mortgage banking and loan demand, says Sterne Agee's Todd Hagerman after this morning's earnings from Wells Fargo and JPMorgan. Mortgage banking income fell as expected, but both banks reported slowing application volumes as well, suggesting future cuts to earnings estimates. XLF -0.8%. 7 Comments [Financials]
- Friday, April 12, 6:00 AM A break-up of the big banks is on the minds of none other than analysts at the banks themselves. Wells Fargo reckons shareholders might "intensify demands" for it, especially as the likes of Bank of America (BAC), Citigroup (C) and JPMorgan (JPM) trade at discounts of 25-30% to more-focused rivals. JPM's analysts have questioned the viability of running an investment bank "as part of a universal banking business." 7 Comments [Financials, Top Stories]
- Tuesday, April 9, 6:43 PM A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)." 5 Comments [Financials, Quick Ideas]
- Tuesday, April 9, 11:29 AM Banks this Friday will begin making payments to ~4.2M borrowers whose homes were in any stage of foreclosure in 2009-10. The payments, which will range from $300 to $125K, are compensation for the robo-signing scandal when bank employees said foreclosure documents were correct without reviewing them. Part of the settlement: BAC, C, GS, HBC, JPM, MET, MS, PNC, SAN, STI, USB, WFC. 34 Comments [Financials, U.S. Economy]
- Tuesday, April 9, 9:48 AM JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results. 1 Comment [Financials]
- Sunday, April 7, 4:19 AM A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. 34 Comments [Financials]
- Friday, April 5, 7:22 PM Bank of America (BAC) has won federal judge's approval for a $2.43B settlement with investors who said the lender hid crucial information when it bought Merrill Lynch in a $50B all-stock deal in September 2008. The settlement, which is among the largest stemming from the global financial crisis, culminated from what the judge referred to as "extraordinarily hard-fought litigation." 20 Comments [Financials]
- Friday, April 5, 11:40 AM Avoid the "origination-reliant" bank names ahead of Q1 earnings, says FBR's Paul Miller, as the strong mortgage results from the past few reports will likely weaken. Most at risk: BAC, FITB, FBC, USB, STI, and WFC. That mortgage profits have worsened isn't news, but Miller suggests things have gotten worse than previous muted expectations. 16 Comments [Financials]
- Thursday, April 4, 11:31 AM We're running out of stock. Corporate share buyback authorizations of $208B in Q1 are the strongest (as a % of capitalization) since Birinyi Associates began tracking the data in 1985. As a percent of capitalization, HD, UPS, AXP, and TXN - with authorizations of 13-18% of the float - lead the way. Next after AMEX in the recently green-lighted banks is BAC which plans to repurchase 3.8% of its shares. 7 Comments
- Wednesday, April 3, 2:11 PM Stocks are at session lows 2 hours before the bell, SPY -1.1%, QQQ -1%. Most sectors are lit up bright red, but financials - BAC -3.2%, JPM -2.7%, C -3.3% - lead the way down. Energy (XLE -2%) and resource stocks (XLB -1.3%) tumble along with commodity prices. Port in a storm, Apple gains 0.3%. Comment!
- Wednesday, April 3, 7:11 AM "We're now at the point where it's about boots on the ground rather than the latest lawsuit," says SNL's Nancy Bush as Bank of America (BAC) CEO Moynihan summons 100 of his regional chiefs to a private meeting where they'll be egged on to move more product. The bank, she says, is notable for being "lousy" at cross-selling. 28 Comments [Financials]
- Tuesday, April 2, 3:12 PM MBIA (MBI) notches a victory in its legal battle with Bank of America (BAC), an appeals court ruling BofA could be required to repurchase loans even if they aren't in default. It's a "huge win" for MBIA, writes Christian Herzeca, very similar to Assured Guaranty's victory over Flagstar bank. 32 Comments [Financials]
- Tuesday, April 2, 2:46 PM Bank of America (BAC) reaches a $165M settlement with the National Credit Union Administration over the bank's sale of MBS to several credit unions, some of whom went bust after the paper soured. BofA had hinted at the settlement some weeks ago and said the cost is covered by existing reserves. 3 Comments [Financials]
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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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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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x oil -field
$CS Credit Suisse to Stop Relaying Dark-Pool Data, Tabb Says. $JPM $BAC $NYX $NDAQ http://bloom.bg/ZyufOQ Bloomberg - View all 0 replies
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Loosing Rookie
Any EFT alternatives ? $MHR + $BAC crushing my portfolio. Not sure if I should add to my positions or go risk off - View all 0 replies
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Ghosts of Kariela
Added to $BAC position, will short puts if it declines more. I guess it would be called averaging up than down? - View all 2 replies
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Ghosts of Kariela: My cost basis is still below that so that isnt much of an issue.
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LATEST REPLIES
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Ghosts of Kariela: Real: not sure what you mean by that, but I managed to miss a lot of the bull market these 2 months by selling early lol
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1980XLS-2.0: Need caution with historic valuations, despite record earnings. Lot of secondaries have bumped the share count the last few years.Just sayin -
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Skull & Bones
Will be looking to short the Banks here on the short term euphoria. $BAC should be ripe for a scalping very soon. - View all 1 replies
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budapestjs: The $5 billion buyback, cheap metrics and improving housing market may work against you though. Why not just buy shares instead?
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Garthilk: Still, given that C went up, you'd think BAC would have gone up too. Looking at the volume though, and options, something funny is going on.
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budapestjs: Loving the huge buyback for BAC, probably the smartest move since their shares are still so far under book.
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Garthilk: That's what I'm thinking, Thursday? Though would have liked to see more movement, pricing in good news.
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ComputerBlue: Yep, Thursday I believe. My guess is a .04-.05 div and modest buyback. It'd be great to see a big buy back but I doubt it happens.
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pundr: and bac have the capital to buy it back. they save a lot of money with it. buffett have no problem with it. he still have the preffered´s
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DaLatin: Buffet knows ! Not. Buffet invested. He didn't do it for charity ! As I recall those are convertible. He would convert to common ! win/win
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xcobrastripesx
Opened a short in $XIV @ 21.8, $BAC @12.20, & $TZA @ 9.85......lets see where this goes. - View all 4 replies
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Chris DeMuth Jr.
Great legal victory for $MBI over $BAC and Societe Generale as suit fighting their restructuring of assets is dismissed. + >24% today. - View all 1 replies
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TheCompleatAngler: I've been wondering if this decision affects their odds of winning the fraudulent conveyance lawsuit.
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Todd Johnson
$C, $BAC, $GM Rumor only: Ackman has shorted Citi, BoA, GM due to allegations of being quasi-governmental entities. Outlandish! </wink> - View all 8 replies
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Todd Johnson: Chuck, he can use bull put spreads to decrease his cost basis. Many roads lead to CrushAckmanVille.
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chuck holladay: Icahn has publicly stated he appreciated Ackman making it possible for him to buy $HLF on the cheap.
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inuredbycongress: Probably sequestration fears because Congress announced they are packing up for the weekend.
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x oil -field
$FMCC.OB Recovery in U.S. Saving 8 Million Underwater Homeowners. $BAC Bloomberg $Z http://bloom.bg/11wH8Ls - View all 2 replies
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x oil -field: American Securitization Forum Applauds Rejection of Eminent Domain for Mortgages. Dow Jones Newswires Jan.24,2013 12:29 ET (17:29 GMT)
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x oil -field: $FMCC.OB Freddie Mac Posts Its Largest Profit Ever Last Quarter. WSJ http://on.wsj.com/VgtIjY
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yourmama6799: He is the only one that got a 60% raise so he must of been the only one, how about the other poor people working theredid they get 60%raises -
gap123: how about long term shareholders? I dont knock a payraise, just think it is bad timing. He has alot of work left to do, and much to prove