Stock Market & Financial Investment News

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. May 24, 2013 12:34 EDT BAC Bank of America seeking buyers for 40 branches, Bloomberg reports Subscribe for More Information May 23, 2013 07:12 EDT BAC Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports Subscribe for More Information 06:08 EDT BAC On the Fly: Periodicals Wrap-Up Subscribe for More Information May 22, 2013 09:02 EDT BAC Financials upgraded to Overweight from Market Weight at Wells Fargo Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. 07:22 EDT BAC Dun & Bradstreet to hold a conference 2013 Access to Capital is being held in Chicago on May 22. May 21, 2013 07:13 EDT BAC U.S. bank mergers less likely this year, Bloomberg reports Subscribe for More Information May 20, 2013 10:11 EDT BAC On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. 05:39 EDT BAC Bank of America downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded Bank of America with a $13.50 price target citing valuation. 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 07:18 EDT BAC Investors bet on banks hit by credit crisis, Bloomberg reports Subscribe for More Information 06:41 EDT BAC Big banks to benefit from U.S. concession on derivatives, NY Times says Subscribe for More Information May 15, 2013 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 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 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 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 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. Sign up for a free trial to see the rest of the stories you've been missing.