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BAC Market Currents
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Monday 12:24 PM The FDIC sues JPM, C, BAC, and DB in New York, acting as receiver for Strategic Capital Bank which claims $11M in losses in MBS-related losses.
3 Comments[Financials]
- Monday 8:10 AM JMP Securities cuts the TBTF banks due to the European crisis, with analyst David Trone's base case scenario (60% chance) seeing a Greek exit, but no contagion. He sees just a 10% chance Greece stays in the EMU. That leaves 30% for exit, but with contagion. [Financials]
- Thursday 3:31 AM Royal Bank of Canada (RY) and Credit Suisse (CS) are said to be among the suitors who have made initial bids to buy BofA's (BAC) non-U.S. wealth management business. The unit, which could bring in ~$2B in a sale, is being auctioned off because BofA reportedly considers it too small to produce meaningful profits. [Financials, M&A]
BAC in Focus
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at CNBC.com (Tue, 5:04PM)
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at MarketWatch.com (Tue, 4:46PM)
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at MarketWatch.com (Tue, 3:05PM)
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at MarketWatch.com (Tue, 11:44AM)
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at MarketWatch.com (Tue, 10:11AM)
BAC Press Releases and Filings
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Business Wire (Fri, 10:00AM)
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Business Wire (Thu, 9:30AM)
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Business Wire (Thu, 9:30AM)
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Business Wire (Thu, 9:30AM)
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Business Wire (Thu, 9:30AM)
BAC Latest Transcript
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BAC vs. ETF Alternatives
Company Description
Bank of America Corporation (together, with its consolidated subsidiaries, Bank of America, the Corporation, our company, we or us) is a Delaware corporation, a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. Our principal executive offices are located in... More