New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 14, 2014
06:56 EDTBACBank of America back in court regarding $2.1B fraud penalties, Reuters says
U.S. Judge Jed Rakoff said he had not yet decided how to rule regarding a U.S. Justice Department's request that Bank of America pay $2.1B in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit, according to Reuters, citing comments from Rakoff. Reference Link
News For BAC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 2, 2014
10:05 EDTBACOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Hold at Deutsche Bank... Autodesk (ADSK) upgraded to Neutral from Sell at Citigroup... Bank of America (BAC) upgraded to Buy from Neutral at UBS... Barrick Gold (ABX) upgraded to Hold from Sell at Canaccord... Bemis (BMS) upgraded to Neutral from Underperform at BofA/Merrill... EOG Resources (EOG) upgraded to Buy from Accumulate at KLR Group... Electronics for Imaging (EFII) upgraded to Buy from Neutral at Citigroup... Encana (ECA) upgraded to Buy from Hold at Deutsche Bank... Equity One (EQY) upgraded to Neutral from Sell at Citigroup... Fossil (FOSL) upgraded to Buy from Hold at ISI Group... Gentex (GNTX) upgraded to Outperform from Market Perform at Wells Fargo... Gentherm (THRM) upgraded to Outperform from Market Perform at Barrington... Hi-Crush Partners (HCLP) upgraded to Buy from Neutral at Ladenburg... Home Properties (HME) upgraded to Hold from Sell at Cantor... IntercontinentalExchange (ICE) upgraded to Buy from Hold at Deutsche Bank... JetBlue (JBLU) upgraded to Market Perform from Underperform at Raymond James... Kinder Morgan (KMI) upgraded to Outperform from Market Perform at Wells Fargo... Mattel (MAT) upgraded to Market Perform from Underperform at BMO Capital... NASDAQ (NDAQ) upgraded to Buy from Hold at Deutsche Bank... National Oilwell (NOV) upgraded to Strong Buy from Outperform at Raymond James... Pandora (P) upgraded to Buy from Hold at Topeka... Preferred Bank (PFBC) upgraded to Outperform from Market Perform at Raymond James... PulteGroup (PHM) upgraded to Neutral from Sell at Goldman... Time Warner (TWX) upgraded to Hold from Sell at Topeka... Twitter (TWTR) upgraded to Overweight from Neutral at JPMorgan... UDR, Inc. (UDR) upgraded to Buy from Hold at Cantor... ViewPoint Financial (VPFG) upgraded to Overweight from Equal Weight at Stephens.
07:14 EDTBACOpponent of Bank of America settlement deal drops out, Reuters says
A key opponent of Bank of America's proposed $8.5B settlement has dropped its objections, helping the deal move forward to receive final court approval, reports Reuters. The Triaxx entities filed a proposed order to withdraw from the case in New York state Tuesday. Opponents still include the Chicago police pension fund. Reference Link
05:51 EDTBACBank of America upgraded to Buy from Neutral at UBS
UBS upgraded its rating on shares of Bank of America (BAC) to Buy saying the company's deposit profile will benefit from rising interest rates. UBS believes the bank will be under less pressure than peers to pass on rate increases to deposit holders, driving higher long-term earnings power from higher rates. The firm raised its price target for shares to $20 from $16.80. UBS coupled its upgrade of Bank of America with a downgrade of JPMorgan (JPM) to Neutral.
October 1, 2014
16:47 EDTBACBofA's Brian Moynihan elected Chairman of the Board of Directors
Subscribe for More Information
11:46 EDTBACDavid Tepper says economy good, stock market not at high multiple currently
Subscribe for More Information
September 30, 2014
16:00 EDTBACOptions Update; September 30, 2014
iPath S&P 500 VIX Short-Term Futures up 37c to 31.18. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN HTZ DOW C F NFLX PBR according to Track Data.
10:01 EDTBACBank of America begins rollout of chip debit cards
Subscribe for More Information
September 29, 2014
11:45 EDTBACBofA to pay $7.65M to SEC to settle regulatory capital overstatement charges
The Securities and Exchange Commission charged Bank of America Corporation with violating internal controls and recordkeeping provisions of the federal securities laws after it assumed a large portfolio of structured notes and other financial instruments as part of its acquisition of Merrill Lynch. Bank of America agreed to pay a $7.65M penalty to settle the charges stemming from regulatory capital overstatements that it made due to its internal accounting control deficiencies and books and records failures. In addition to the $7.65M penalty, the SECís order requires Bank of America to cease and desist from committing or causing any violations or future violations of Sections 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934.
07:58 EDTBACWarren calls for hearing on 'disturbing' Fed tapes, Reuters reports
Two members of the the Senate Banking Committee, Democrats Elizabeth Warren and Sherrod Brown, called for an investigation into the issues raised by secretly taped conversations between officials at Goldman Sachs (GS) and supervisors at the New York Federal Reserve, reported Reuters. Other large U.S. banks include Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 26, 2014
16:01 EDTBACOptions Update; September 26, 2014
Subscribe for More Information
September 25, 2014
16:00 EDTBACOptions Update; September 25, 2014
iPath S&P 500 VIX Short-Term Futures up 2.09 to 30.38. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN BP PBR GILD DOW according to Track Data.
15:10 EDTBACHolder resignation as AG positive for banks, says Rafferty Capital
Subscribe for More Information
08:00 EDTBACBuy American Express and Bank of America into earnings, says Morgan Stanley
Morgan Stanley says to buy American Express (AXP) and Bank of America (BAC) going into Q3 earnings. The firm expects American Express to report accelerated credit card spending growth and views valuation as compelling and views Bank of America is a play on rising rates and improving expenses.
September 24, 2014
15:04 EDTBACGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
Subscribe for More Information
September 23, 2014
15:33 EDTBACBofA announces $10B Catalytic Finance Initiaive, to committ $1B in capital
Subscribe for More Information
September 22, 2014
10:00 EDTBACBank of America rallies, levels to watch
Subscribe for More Information
September 20, 2014
19:48 EDTBACBank of America could climb over 50%, Barron's says
Subscribe for More Information
September 19, 2014
16:00 EDTBACOptions Update; September 19, 2014
Subscribe for More Information
September 18, 2014
16:00 EDTBACOptions Update; September 18, 2014
Subscribe for More Information
14:08 EDTBACBanks look to high-interest personal loans to boost revenue, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use