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Stock Market & Financial Investment News

News Breaks
April 9, 2014
07:41 EDTBAC, ALLBofA unit, Allstate dismiss toxic mortgage debt suit, Reuters says
Allstate (ALL) and Bank of America's (BAC) Countrywide unit have agreed to end a lawsuit stemming from $700M of toxic mortgage debt, according to Reuters, citing a court filing. Reference Link
News For BAC;ALL From The Last 14 Days
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August 1, 2014
16:51 EDTALLMarket finishes week lower as Fed, geopolitical worries weigh
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July 31, 2014
17:06 EDTALLOn The Fly: Closing Wrap
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14:25 EDTALLAllstate price target raised to $66-$70 from $62-$66 at Wells Fargo
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July 30, 2014
16:09 EDTALLAllstate reports book value per share $47.97 at June 30
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16:08 EDTALLAllstate reports Q2 operating EPS $1.01, consensus 70c
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15:31 EDTALLNotable companies reporting after market close
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15:17 EDTBACBank of America raises offer to DOJ, nears mortgage settlement, Bloomberg says
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13:53 EDTBACBank of America, U.S. near mortgage deal after bank raises offer, Bloomberg says
13:44 EDTBACBank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
13:26 EDTBACBofA Countrywide unit ordered by judge to pay $1.3B, Bloomberg reports
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July 29, 2014
10:08 EDTALLAllstate slips after William Blair recommends rotation into Progressive
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10:00 EDTALLOn The Fly: Analyst Downgrade Summary
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07:01 EDTALLAllstate downgraded to Market Perform from Outperform at William Blair
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06:40 EDTALLAllstate downgraded to Market Perform from Outperform at William Blair
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06:06 EDTBACBank of America, DOJ talks hit snag, WSJ reports
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July 24, 2014
11:12 EDTBACBank of America to pay $16.6M to resolve U.S. sanctions violations, Reuters says
The Treasury Department said Bank of America has agreed to say $16.6M to resolve allegations it processed transactions for drug traffickers subject to U.S. sanctions, reports Reuters. The bank processed around $91,000 in transactions for six designated narcotics traffickers between 2005 and 2009, and failed to file timely reports on accounts owned by four others. Reference Link
July 22, 2014
07:17 EDTBACNational Association for Business Economics to hold a seminar
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July 21, 2014
07:29 EDTBACAIG settlement with BofA takes crisis claw back total up to $2B, FT says
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