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Bank of America Corporation (BAC)

- NYSE
  • 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%.
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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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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.