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News For C;BAC From The Last 14 Days Check below for free stories on C;BAC the last two weeks. |
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| May 17, 2013 | | 16:00 EDT |  | BAC | Options Update; May 17, 2013
 Subscribe for More Information | | | 10:20 EDT |  | BAC | Bank of America rises, levels to watch
Subscribe for More Information | | | May 16, 2013 | | 08:33 EDT |  | C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 07:18 EDT |  | BAC, C | Investors bet on banks hit by credit crisis, Bloomberg reports
Subscribe for More Information | | | 06:41 EDT | | BAC, C | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information | | | May 15, 2013 | | 17:03 EDT |  | C | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 16:02 EDT | | C | Options Update; May 15, 2013
Subscribe for More Information | | | 15:32 EDT | | C | Citigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month | | | 11:48 EDT | | C | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 10:13 EDT | | BAC | Bank of America reports April card write-offs 4.55% vs. 4.33% last month
Subscribe for More Information | | | | May 14, 2013 | | 18:28 EDT | | C | Citi announces sale of Credicard to Banco Itaú Unibanco
Subscribe for More Information | | | 16:00 EDT | | C | Options Update; May 14, 2013
Subscribe for More Information | | | 10:53 EDT | | BAC | Bank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01. | | | 08:44 EDT | | BAC | Bank of America management to meet with Deutsche Bank
Subscribe for More Information | | | 08:33 EDT | | BAC, C | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link | | | 08:18 EDT | | C | David Tepper says Citigroup position 'more than twice' Apple stake
Subscribe for More Information | | | 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
Subscribe for More Information | | | 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
Subscribe for More Information | | | 06:19 EDT | | BAC | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | May 13, 2013 | | 15:04 EDT | | BAC, C | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. | | | | 09:39 EDT | | C | Active equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR | | | May 10, 2013 | | 16:01 EDT | | C | Options Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data. | | | 07:33 EDT | | BAC | New York's case against BofA, Merrill may be dropped, Reuters reports
Subscribe for More Information | | | 05:30 EDT | | BAC | KeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
Subscribe for More Information | | | May 9, 2013 | | 14:30 EDT | | BAC | Options Update; May 9, 2013
Subscribe for More Information | | | 08:09 EDT | | BAC | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link | | | 07:12 EDT | | C | Citigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
Subscribe for More Information | | | 06:10 EDT | | C | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:43 EDT | | C, BAC | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link | | | May 8, 2013 | | 16:00 EDT | | C, BAC | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. | | | | 09:37 EDT | | C | Active equity option families trading on open
Subscribe for More Information | | | May 7, 2013 | | 16:01 EDT | | BAC | Options Update; May 7, 2013
Subscribe for More Information | | | 13:01 EDT | | BAC | AIG can sue BofA over mortgages, judge says, WSJ reports
A federal judge has ruled that American International Group (AIG) has the right to sue Bank of America (BAC) over more than $7B of mortgage-investment losses, reports the Wall Street Journal. U.S. District Judge Mariana Pfaelzer said that AIG did not give up its right to pursue certain legal claims when it unloaded the investments as part of its 2008 bailout. Reference Link | | | 12:38 EDT | | C | Citigroup sues Barclays over Lehman losses, Reuters says
Subscribe for More Information | | | 11:26 EDT | | BAC | MBIA rally continues after Bank of America settlement
Subscribe for More Information | | | 10:20 EDT | | BAC, C | Banks accused of restraining swaps market competition, Bloomberg says
A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link | | | 09:38 EDT | | BAC | Active equity option families trading
Subscribe for More Information | | | 09:17 EDT | | BAC | On The Fly: Pre-market Movers
Subscribe for More Information | | | 06:01 EDT | | C | Antero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link | | | 05:50 EDT | | C, BAC | Mortgage lenders ease standards for 'prime' borrowers, WSJ reports
Subscribe for More Information | | | | May 6, 2013 | | 16:39 EDT |  | BAC | On The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50. | | | 16:03 EDT | | C | Options Update; May 6, 2013
Subscribe for More Information | | | 15:48 EDT | | BAC | MBIA to receive $1.7B net payment in settlement with Bank of America
Subscribe for More Information | | | 15:44 EDT | | BAC | BofA receives warrants for 9.94M shares of MBIA stock as part of settlement
| | | 15:42 EDT | | BAC | MBIA to receive $1.7B net payment in settlement with Bank of America
Subscribe for More Information | | | 15:35 EDT | | BAC | BofA confirms settlement with MBIA, lowers Q1 EPS by 10c
Subscribe for More Information | | | 15:31 EDT |  | BAC | BofA says MBIA pact, related issues cuts Q1 net EPS by 10c per share
Subscribe for More Information | | | 15:29 EDT | | BAC | Bank of America confirms comprehensive settlement With MBIA
Subscribe for More Information | | | 13:19 EDT | | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
Saudi prince Alwaleed bin Talal, Citigroup's largest individual shareholder, says that the idea of splitting up the bank is "dead completely," adding that the conservative strategy of CEO Mike Corbat is starting to reflect in its financial results, Reuters reports. Reference Link | | | 12:59 EDT | | BAC | Bank of America, MBIA in $1.7B mortgage settlement, WSJ reports
Subscribe for More Information | | | | 12:53 EDT | | BAC | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:46 EDT | | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
Subscribe for More Information | | | 12:33 EDT | | BAC | Merrill Lynch Wealth Management names Ashvin Chhabra CIO
Subscribe for More Information | | | 12:16 EDT | | BAC | MBIA continues rise, up 39% after Dow says to settle suit with BofA
Subscribe for More Information | | | 12:12 EDT | | BAC | Bank of America up 3% after Dow reports settlement of suit with MBIA
Subscribe for More Information | | | 12:09 EDT | | BAC | Bank of America to take 5% stake in MBIA, pay $1.6B in cash, DJ reports
Subscribe for More Information | | | 09:43 EDT | | BAC | NY to sue Wells, BofA over mortgage settlement violations, NYT says
Subscribe for More Information | | | 07:45 EDT |  | BAC | Bank of America legal news a significant positive, says JPMorgan
JPMorgan notes that late on Friday, New York State Attorney General, Delaware State Attorney General, and Federal Housing Finance Authority said they will no longer object to Bank of America's (BAC) $8.5B mortgage settlement with private investors that was first agreed upon in 2011. JPMorgan views the development as significant positive legal news for Bank of America since several objectors to the settlement have now been removed. The firm adds, however, that few objectors remain, most notably AIG (AIG). JPMorgan keeps an Overweight rating on shares of Bank of America. | | | 07:30 EDT | | BAC | Objections to BofA mortgage-backed securities settlement removed, WSJ reports
Subscribe for More Information | | | 07:17 EDT | | BAC | Summit Business Media holds a conference
Subscribe for More Information | | | | May 5, 2013 | | 19:20 EDT | | C, BAC | N.Y AG plans homeowner enforcement versus financial firms, Bloomberg reports
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