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Bank of America Corporation (BAC)

- NYSE
  • 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%.
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  • 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%.
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  • Aug. 15, 2011, 8:01 AM
    Bank of America (BAC) is exiting the international credit card business, selling its $8.6B Canadian portfolio to TD Bank (TD) and planning sales of its U.K. and Irish holdings. A cynic might attribute the move to a troubled lender unloading assets on the cheap to raise liquidity. Nevertheless, shares +3.3% premarket.
    | 3 Comments
  • Aug. 12, 2011, 9:47 AM
    Big banks (XLF +1.6%) open higher, putting them on track for their first consecutive days of gains in several sessions. Gains in European banks lent support to U.S. shares as investors overseas snapped up some beaten-down financials. BAC +3.8%, C +3.3%, WFC +2.6%, JPM +1.7%.
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  • Aug. 12, 2011, 9:00 AM
    Premarket gainers: MNKD +12%. NVDA +12%. MCP +9%. SODA +7%. AVL +7%. ALU +6%. AIB +6%. BUD +6%. NOK +5%. E +4%. BCS +4%. LYG +4%. FFIV +4%. CAT +4%. MGM +4%. SD +3%. SNY +4%. ING +3%. BAC +3%. AMR +3%. RIO +3%. STD +3%. UL +3%. UBS +3%. TEF +3%. RIG +3%.
    Losers: FRF -17%. MOBI -15%. DDS -10%. AONE -5%. AU -3%. JCP -3%. GFI -3%. RENN -4%.
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  • Aug. 11, 2011, 9:25 AM
    Premarket gainers: AONE +20%. CSCO +12%. EAT +11%. NWS +8%. AKS +5%. CLWR +5%. MPEL +5%. KSS +5%. NVDA +5%. BX +4%. BAC +4%. ALU +4%. ETFC +4%. DRYS +4%. PBR +4%. CAJ +4%. ARMH +4%. SID +4%. ASX +4%. RF +4%. VALE +3%. MGM +4%. LYG +3%. MOS +3%. CREE +3%. ASML +3%. BRFS +3%. GS +3%. SINA +3%. BHP +3%. ITUB +3%. POT +3%. ERIC +3%.
    Losers: SODA -10%. SLE -8%. AMSC -7%. ALLY -5%. NVS -4%. LOGI -4%. CRH -3%.
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  • Aug. 10, 2011, 4:56 PM
    After plunging yet again today and seeing its CEO grilled by disgruntled investors, Bank of America (BAC) is up 3% AH. StreetInsider.com suggests rumors regarding the sale of BofA's stake in China Construction Bank are driving the move.
    | 1 Comment
  • Aug. 10, 2011, 3:41 PM
    Bank stocks (XLF -6%) near their lows of the day: C -9.2%, BAC -8.7%, JPM -4.7%. Analysts point out that U.S. banks are much better capitalized than they were in 2008, but with European banks smashed on scary rumors of banks at death's door, investors don't seem to care right now.
    | 1 Comment
  • Aug. 9, 2011, 4:14 PM
    All 30 Dow stocks end up higher, led by financial stocks. Biggest gainers: BofA BAC +16.9%, Alcoa AA +7.9%, American Express AXP +7.1%, JPMorgan JPM +6.9%, Travelers TRV +6.2%.
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  • Aug. 9, 2011, 12:54 PM
    Faint praise but they'll take it, as Citigroup (C +8.7%) now leads the bounce in financial shares (XLF +3.5%) after Oppenheimer analysts write it is much better positioned to weather a recession now than in 2008. Other banks on the Oppenheimer note’s favored list include Wells Fargo (WFC +5.1%), which was also upgraded earlier, JPM +3.3% and USB +2.5%. BAC now +7.7%.
    | 1 Comment
  • Aug. 9, 2011, 10:31 AM
    Bank of America's (BAC +6.3%) Brian Moynihan seeks to ease worries, and shares are bouncing back a bit today. But he apparently failed to learn in 2008 that there's a difference between the amount of equity a bank needs to run its business and the amount it needs to maintain market confidence. With shares -35% in a week, shareholders are paying the price.
    | 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.