New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:56 EDTBACBank of America July volatility elevated into Q2 and capital outlook
Bank of America July call option implied volatility of 37, August is at 28, September and October is at 24; compared to its 26-week average of 24 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results on July 16.
News For BAC From The Last 14 Days
Check below for free stories on BAC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent BAC news | >>
September 9, 2014
14:54 EDTBACApple announces Apple Pay
Subscribe for More Information
09:36 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
06:33 EDTBACFed looks set to pressure large banks to shrink, NY Times says
Subscribe for More Information
06:32 EDTBACFed to require large US banks to have extra financial padding, WSJ reports
Subscribe for More Information
September 8, 2014
16:00 EDTBACOptions Update; September 8, 2014
Subscribe for More Information
10:48 EDTBACBank of America upgraded as legal issues recede
Subscribe for More Information
10:06 EDTBACOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:40 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
05:40 EDTBACBank of America upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded its rating on Bank of America (BAC) shares to Buy citing the resolution of a lot of the bank's legal issues and the shift of its earnings mix towards higher growth businesses. Goldman raised its price target for shares to $19 from $17. Bank of America closed Friday down 9c to $16.02.
September 5, 2014
16:01 EDTBACOptions Update; September 5, 2014
Subscribe for More Information
09:06 EDTBACCFTC concerned about banks shifting trading operations overseas, WSJ says
Subscribe for More Information
07:26 EDTBACApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
September 4, 2014
16:00 EDTBACOptions Update; September 4, 2014
Subscribe for More Information
06:40 EDTBACAgencies finalize liquidity rule for large banks
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized a rule yesterday that they said would strengthen the liquidity positions of large financial institutions. The rule will for the first time create a standardized minimum liquidity requirement for large and internationally active banking organizations., according to the agencies. Each institution will be required to hold high quality, liquid assets, or HQLA, such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period, the agencies explained. The ratio of the firm’s liquid assets to its projected net cash outflow is its “liquidity coverage ratio,” or LCR, they said. The LCR will apply to all banking organizations with $250B or more in total consolidated assets or $10B or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10B or more, the agencies reported. The rule also will apply a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50B or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule. The final rule is largely identical to the proposed rule, with a few key adjustments in response to comments from the public, the agencies stated. Those adjustments include changes to the range of corporate debt and equity securities included in HQLA, a phasing-in of daily calculation requirements, a revised approach to address maturity mismatch during a 30-day period, and changes in the stress period, calculation frequency, and implementation timeline for the bank holding companies and savings and loan companies subject to the modified LCR. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
September 3, 2014
10:00 EDTBACOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:02 EDTBACFirst South Bancorp purchases banking operations in North Carolina
First South Bancorp (FSBK) announced the signing of an agreement under which the Bank has agreed to purchase the branch banking operations of nine locations in North Carolina from Bank of America (BAC). The branch offices are located in Elizabethtown, Goldsboro, Kenansville, Kinston, Kitty Hawk, Morehead City, Mount Olive, Wallace and Wilson, North Carolina. The purchase is expected to add approximately $261.4M of deposits. The Bank has also agreed to purchase the fixed assets and a small amount of loans related to the purchased branches. The Bank expects the transaction to close in the fourth quarter of 2014, subject to approval by regulators and satisfaction of customary closing conditions. After the purchase of the branches, the Bank's franchise will increase from 26 to 35 banking offices. The transaction is expected to increase assets from $711M at June 30, 2014 to approximately $972M and deposits from $593M to approximately $854M at close.
07:29 EDTBACFinal liquidity, swaps margin rules to be unveiled today, Reuters says
Subscribe for More Information
07:19 EDTBACBank of America downgraded to Neutral from Buy at Nomura
Price target lowered to $17 from $18.
06:35 EDTBACJPMorgan in talks to sell oil-supply agreement to Bank of America, WSJ says
Subscribe for More Information
06:34 EDTBACFBI hasn't found evidence JPMorgan hack hit other big banks, WSJ reports
The FBI hasn't found any evidence to suggest that the recent breach at JPMorgan hit any of the other big U.S. banks, the Wall Street Journal reports, citing four people close to the probe. JPMorgan said it isn't experiencing "unusual amounts of fraud," and, according to two sources, consumers "likely don't face a serious risk." Reference Link
1 | 2 | 3 | all recent BAC news | >>

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