Bank of America (BAC) - whose purchase of Countrywide amid the housing collapse came just a bit early - emerges as one of the biggest buyers of assets from deleveraging EU banks, buying at least $9.44B of loans over the past year. [View news story]
Bank of America (BAC +2.2%) takes out a new 52-week high, rising on back of the Citigroup's plan to cut 11K jobs. Citi will take a $1B charge in Q4, but save more than $2B over two years - a pretty nice return on investment. The XLF +0.7%. [View news story]
Not sure of the link betwenn citi and BAC? Can somebody explain???
Does Pandit's departure from Citigroup mean bank boards are beginning to take their responsibilities seriously? If so, Bank of America CEO Moynihan could be next. Moynihan inherited a mess (like Pandit), but has been unable to convince investors he has a strategy for getting out of it. Of even more import is the rebuilding of BAC's brand as a leading consumer bank. [View news story]
waiting for financials to rebound.....BA will make it soon.
2013 Will Be A Foundation Laying Year For Bank Of America [View article]
Bank Of America: Destined To Double In 2013? [View article]
Bank of America (BAC) - whose purchase of Countrywide amid the housing collapse came just a bit early - emerges as one of the biggest buyers of assets from deleveraging EU banks, buying at least $9.44B of loans over the past year. [View news story]
Bank of America (BAC +2.2%) takes out a new 52-week high, rising on back of the Citigroup's plan to cut 11K jobs. Citi will take a $1B charge in Q4, but save more than $2B over two years - a pretty nice return on investment. The XLF +0.7%. [View news story]
Can somebody explain???
Does Pandit's departure from Citigroup mean bank boards are beginning to take their responsibilities seriously? If so, Bank of America CEO Moynihan could be next. Moynihan inherited a mess (like Pandit), but has been unable to convince investors he has a strategy for getting out of it. Of even more import is the rebuilding of BAC's brand as a leading consumer bank. [View news story]
Bank Of America's Earning Power Suppressed [View article]