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Bank of America Corporation (BAC)

- NYSE
  • Jul. 9, 2009, 8:17 AM
    Trying to exploit the window before tougher credit card legislation goes into effect, BoA (BAC) and JPMorgan (JPM) start switching some customers from fixed-rate credit cards to potentially higher variable rates.
    | Jul. 9, 2009, 8:17 AM | 1 Comment
  • Jul. 6, 2009, 3:11 PM
    Dow leaders: AXP +5.5%. MRK +2.8%. DD +2.1%. KFT +1.9%.
    Dow laggards: AA -7%. BAC -4.5%. INTC -1.3%. BA -1.2%.
    | Jul. 6, 2009, 3:11 PM | Comment!
  • Jul. 6, 2009, 1:17 PM
    A Credit Suisse report says Bank of America's (BAC -4.6%) bad loans may jump 10% to $7.6B when it reports earnings, including $1.9B tied to home equity and more than 10% of credit-card loans.
    | Jul. 6, 2009, 1:17 PM | 1 Comment
  • Jul. 6, 2009, 12:08 PM
    With the powerful Service Employers International Union (SEIU) banging at Ken Lewis' door, Charlie Gasparino wonders: Will Lewis sacrifice his company (BAC) to save his job?
    | Jul. 6, 2009, 12:08 PM | 3 Comments
  • Jul. 6, 2009, 10:02 AM
    Dow leaders: AXP +2.7%. CSCO +1.1%. DIS +1%.
    Dow laggards: AA -4.1%. XOM -2.5%. CVX -2.3%. BAC -1.3%.
    | Jul. 6, 2009, 10:02 AM | Comment!
  • Jul. 6, 2009, 9:15 AM
    Stocks look ready to face serious headwinds to start things off, with a big drop in overseas markets and futures down in sympathy. Alcoa (AA) kicks off Q2 earnings season tomorrow, but things really get started next week with INTC, JNJ, NOK, IBM, JPM, BAC, GE and C reporting, to name a few. S&P futures -0.9% to 885. Crude -4% to $64.04.
    | Jul. 6, 2009, 9:15 AM | Comment!
  • Jul. 6, 2009, 8:03 AM
    After deciding not to sell UBS' (UBS) U.S. brokerage business, CEO Oswald Grubel is reportedly looking for a new leader to shake up the unit's top management. The reports come as BoA (BAC) knocks UBS out of the top spot for world's largest private-banking group.
    | Jul. 6, 2009, 8:03 AM | Comment!
  • Jul. 2, 2009, 4:54 PM
    Bank of America (BAC) approves $713M in dividend payments to the government under TARP, related to the $15B the bank received. (Previously: I, II)
    | Jul. 2, 2009, 4:54 PM | Comment!
  • Jul. 2, 2009, 2:38 PM
    Now that Bank of America (BAC) will assess overdraft fees 10 times a day instead of five, Felix Salmon takes on the scandal of the charges, which are raking in $30B for the banks: The median amount triggering overdrafts is $36, meaning implicit "loan" interest in the thousands of percent, resulting in an unconscionable "tax on poverty."
    | Jul. 2, 2009, 2:38 PM | 14 Comments
  • Jul. 1, 2009, 7:36 AM
    With bids for Columbia Management closer to $2B than the $3B it wants, BoA (BAC) may break the asset manager into two pieces to boost results. The tepid bids come after BlackRock (BLK), the most likely suitor, opted to buy Barclays' (BCS) BGI investment unit instead.
    | Jul. 1, 2009, 7:36 AM | Comment!
  • Jun. 30, 2009, 10:08 AM
    Dow leaders: BAC +1.7%. MSFT +1.4%. MCD +1.3%. INTC +1.2%. BA +1.1%.
    Dow laggards: CAT -1.5%. VZ -0.7%.
    | Jun. 30, 2009, 10:08 AM | Comment!
  • Jun. 29, 2009, 5:13 PM
    Hank Paulson will testify to Congress about Merrill Lynch and Bank of America (BAC) July 16, his first testimony since leaving Treasury.
    | Jun. 29, 2009, 5:13 PM | 2 Comments
  • Jun. 29, 2009, 10:02 AM
    Dow leaders: MSFT +1.9%. HPQ +1.6%. INTC +1.3%. XOM +1%.
    Dow laggards: AA -4.4%. PFE -1.2%. BAC -0.8%.
    | Jun. 29, 2009, 10:02 AM | Comment!
  • Jun. 29, 2009, 8:12 AM
    After a dispute over fees, KB Financial (KB) dumps BoA (BAC), Citigroup (C), Credit Suisse (CS) and JPMorgan (JPM) as the underwriters of its $2B share sale, opting instead for Goldman Sachs (GS) and Morgan Stanley (MS).
    | Jun. 29, 2009, 8:12 AM | Comment!
  • Jun. 26, 2009, 12:56 PM
    The Fed/Bank of America (BAC) plot thickens: Those in the camp of canned Merrill Lynch chief John Thain are rushing to Bernanke's defense. A source says Ken Lewis had no out; the "airtight" Material Adverse Change clause specifically ruled out "changes in business, economic or market conditions." (yesterday)
    | Jun. 26, 2009, 12:56 PM | Comment!
  • Jun. 26, 2009, 12:19 PM
    DealBook looks at Michael Jackson's wealth (and debt) and tells a tale of the pop star and the private equity firms, while MarketBeat notes Jackson's savvy early business moves and wonders why Bank of America (BAC) wanted to wash its hands of a loan collateralized by Beatles songs. (previously)
    | Jun. 26, 2009, 12:19 PM | 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.