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Bank of America Corporation (BAC)

- NYSE
  • Aug. 23, 2011, 3:21 PM
    Stocks shrug off the earthquake and weak economic news to rocket higher into the last 40 minutes of trading. DJIA +2.7%, S&P 500 +3%, Nasdaq +3.9%. Disturbingly, 2 important financials can't get out of their own way. BAC -3%, GS -0.5%.
    | 5 Comments
  • Aug. 23, 2011, 1:49 PM
    Bank of America (BAC -3.3%) fires back with both barrels at Henry Blodget's belief that it could need to fill in a capital hole as big as $200B: "Blodget is making 'exaggerated and unwarranted claims,' which is what the SEC stated publicly when he was permanently banned from the securities industry in 2003... sovereign exposure is off by a factor of 10."
    | 3 Comments
  • Aug. 23, 2011, 1:10 PM
    JPMorgan comes out to defend Bank of America (BAC), and rumors begin to fly about Chase taking over BofA. Highly unlikely, given the combined entity would have a far higher than allowable percentage of U.S. bank assets, and the backstop required by JPM would likely cause Cairo-like protests in the streets of D.C.
    | 1 Comment
  • Aug. 23, 2011, 9:42 AM
    Peter Tchir is baffled that stocks are trying to push higher even as credit gets worse: "It is interesting how many investors talk about credit leading the markets, but choose to ignore it when they see it." But Bank of America (BAC -6.2%) stock investors are getting the message, as five-year CDS spreads hit levels higher than during the peak of the financial crisis.
    | 1 Comment
  • Aug. 23, 2011, 9:39 AM
    Bank of America (BAC -5.9%) opens ugly, now threatening a $5 handle at $6.04.
    | 1 Comment
  • Aug. 23, 2011, 9:00 AM
    Recently looking like they would bounce a couple of percent at the open, Bank of America (BAC -2%) shares have now turned lower premarket. Should the $6.29 indication hold, it would be a new low for the current move.
    | 1 Comment
  • Aug. 22, 2011, 11:23 AM
    The slide in Bank of America (BAC -6.1%) continues, now trading at $6.55. Low print in this bear market: $6.31. Low close: $6.51. Other banking shares have given up sharp early gains, but remain slightly higher to moderately lower. XLF -0.1%.
    | 1 Comment
  • Aug. 22, 2011, 10:09 AM
    Bank of America (BAC -1.6%) turns red after opening 3% higher. The stock is now at $6.86 - the low close during this month's sell-off is $6.51. The XLF is clinging to gains, +0.7%.
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  • Aug. 19, 2011, 9:00 AM
    Premarket gainers: CLWR +19%. MRVL +7%. YGE +4%. SODA +5%. IRE +3%. ARMH +3%. RIMM +3%. HL +3%. EK +3%. CRM +3%.
    Losers: LDK -21%. HPQ -18%. LYG -5%. STD -5%. SPPI -5%. RBS -5%. TI -3%. IDCC -4%. CCL -4%. DNDN -4%. S -3%. LVS -3%. DB -3%. C -3%. ANR -5%. RF -3%. SIRI -3%. BAC -3%. BCS -3%. F -3%. MCP -2%. RDS.A -3%.
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  • Aug. 18, 2011, 3:56 PM
    Pessimistic investors pick up large batches of option contracts in Bank of America (BAC -5.6%) that would profit if shares fall more than 40% over the next three months. The November $4 put contracts were BofA's most heavily trafficked options contracts, with more than 63,000 changing hands.
    | 1 Comment
  • Aug. 18, 2011, 10:23 AM
    Following Europe, financial stocks (XLF -5.1%) are in dismal shape, as shares of everything from big banks - BAC -7.6%, C -9.3%, JPM -4.9%, WFC -4.7% - to regionals (KRE -4.8%) slump; the regional index hits a 21-month low. European banks plunge: BCS -10.7%, RBS -11.4%, HBC -6.5%.
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  • Aug. 18, 2011, 10:00 AM
    Caterpillar (CAT -5.1%) reports global retail sales of construction machinery increased 35% (M/M) in July, paced by 52% growth in Latin America. By sector, industrial engines were the leader with 37% growth, while marine engines were the laggard at down 1%. Shares of CAT trail all other Dow components for the day except BAC and HPQ.
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  • Aug. 18, 2011, 9:13 AM
    In conjunction with their European counterparts, American banking shares are sharply lower premarket. XLF -3.2%BAC -5.1%, C -4.8%, WFC -3.1%, JPM -3.3%, Regions Financial RF -4.2%.
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  • Aug. 18, 2011, 9:00 AM
    Premarket gainers: CNX +10%.
    Losers: GENT -20%. NTAP -14%. JASO -12%. MGM -11%. PLCE -7%. BCS -8%. CBOU -7%. LYG -7%. IVR -7%. EMC -6%. SD -6%. MPEL -5%. UBS -5%. ALU -5%. TTM -5%. CS -5%. ING -5%. IRE -5%. AVB -5%. JDSU -5%. DRYS -5%. DNDN -5%. BAC -5%. HBC -5%. YOKU -5%. PHG -4%. MT -4%. C -4%. SDRL -4%. BIDU -4%. NFLX -4%. MU -4%. DB -4%. RENN -4%. LVS -4%. BHP -4%. LVLT -4%. TS -4%.
    | Comment!
  • Aug. 15, 2011, 5:15 PM
    Financial stocks recouped some of their early-August losses today. Bank of America (BAC +7.9%) headlined the winners, thanks to its credit card business sale and positive news regarding its Countrywide lawsuits, but other big names also got a lift. MS +6.1%. AIG +6%. C +4.8%. WFC +3.7%. STI +5.9%. USB +3.7%.
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  • Aug. 15, 2011, 9:00 AM
    Premarket gainers: MMI +58%. ZAGG +11%. NOK +9%. RAH +8%. YOKU +8%. RIMM +6%. ALU +4%. S +4%. DB +4%. UAL +3%. RENN +3%. HIG +3%. MCP +3%. LVLT +3%. HBAN +3%. BAC +3%.
    Losers: IDCC -19%. GOOG -3%. LOW -3%.
    | 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.