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Bank of America Corporation (BAC)

- NYSE
  • May. 20, 2009, 2:14 PM
    Ken Lewis expects continued mergers in the banking industry, but says BoA (BAC) isn't looking for further acquisitions. "We’ve got enough on our hands right now."
    | 1 Comment
  • May. 20, 2009, 1:02 PM
    BoA's (BAC) Ken Lewis calls a bottom.
    | 11 Comments
  • May. 20, 2009, 10:07 AM
    Dow leaders: BAC +7.1%. GM +6.3%. GE +4.5%. AA +4.0%. C +3.7%.
    | 4 Comments
  • May. 20, 2009, 9:06 AM
    Banks are using life-insurance policies to help pay executive bonuses and pensions while saving taxes. The controversial practice is found in other industries too, but banks have emerged as very big players. Bank of America (BAC), for example, has $17.3B in policies.
    | Comment!
  • May. 20, 2009, 8:16 AM
    Bank of America (BAC) says it raised $13.5B in less than two weeks by selling 1.25B shares at an average price of $10.77. Recently-released stress-test results found BofA needed another $33.9B. After selling a stake in China Construction Bank for $7.3B, it's now more than half way. BAC +5.6% premarket to $11.88.
    | 3 Comments
  • May. 19, 2009, 2:28 PM
    Commercial and Condo development foreclosures continue apace: Wachovia (WFC) is suing for $13.1M on a foreclosed Florida condo project. Regional lender Ocean Bank wants $18.5M back from a foreclosed Miami condo development. BoA (BAC) is down for $8.6M on a South Florida mall, while Credit Suisse (CS) is owed $32M on a Dallas mall.
    | 2 Comments
  • May. 19, 2009, 2:14 PM
    Senate passes credit-card crackdown bill which promises to curb sudden rate hikes and hidden fees. Largely anticipated, but credit-card issuers are still looking weak: C +4.1%. BAC -0.5%. JPM -1.9%. AXP -3.2%. DFS -3.5%. COF -4.1%. MA -2.4%. V -2.4%.
    | 5 Comments
  • May. 19, 2009, 9:58 AM
    Dow leaders early on: C +3%. GM +1.7%. AA +17%. BAC +1.3%. Laggards: HD -5.2%. AXP -2%. JPM -1.5%. MMM -1.5%. INTC -1.2%. DIS -1.2%.
    | Comment!
  • May. 18, 2009, 10:08 AM
    Dow leaders: BAC +8.7%. GM +6.4%. HD +4.9%. C +3.7%. AA +3.4%.
    | Comment!
  • May. 18, 2009, 9:51 AM
    Dow leaders early on: BAC +9%. GM +6%. HD +5%. C +4%. AA +4%. DD +3%. BA +3. GE +3%. CAT +3%. Laggards: KO -0.2%.
    | Comment!
  • May. 18, 2009, 9:04 AM
    Goldman Sachs adds Bank of America (BAC) to its Conviction Buy list, and raises its price target to $15 from $7. Shares +7.8% premarket.
    | Comment!
  • May. 18, 2009, 9:03 AM
    Premarket gainers: HEB +12%. NVAX +10%. AIB +10%. BCRX +9%. LOW +9%. CNB +9%. BCS +8%. BAC +8%. MGM +8%. HOV +7%. GNW +8%. LYG +7%. HBAN +7%. DRYS +6%. DPTR +6%. GM +5%. ABK +5%. CIEN +5%. ETFC +5%. MRVL +5%. AIG +5%. HD +5%.
    Losers: WX -4%.
    | Comment!
  • May. 16, 2009, 11:00 AM
    Could chairman emeritus Chad Gifford resurface at Bank of America (BAC)?
    | Comment!
  • May. 15, 2009, 11:46 AM
    Bank of America (BAC) CEO Ken Lewis's vacation home in South Carolina, which is on the market, just got 13% cheaper.
    | Comment!
  • May. 15, 2009, 8:40 AM
    Temasek Holdings sold its 3.8% stake in Bank of America (BAC) for about $1.3B, at a loss of about $4.6B. The Singapore state-owned fund said it will continue to shrink its exposure to developed economies. "The world is not so American-centric anymore," a Singapore economist said.
    | 4 Comments
  • May. 15, 2009, 8:27 AM
    Regulators are pushing for major changes on Bank of America's (BAC) board, which is remarkable considering many of the bank's woes stem from its shotgun merger with Merrill Lynch amid heavy pressure from the feds, and considering the government doesn't own a stake in BofA.
    | 1 Comment
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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.