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Bank of America Corp

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  • WASHINGTON, April 16- Bank of America Corp has held talks with the U.S. Justice Department to resolve a civil fraud probe into Merrill Lynch's sale of flawed mortgage securities ahead of the financial crisis, people familiar with the negotiations told Reuters.

  • April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.

  • US stocks close higher for third day in a row Wednesday, 16 Apr 2014 | 10:27 AM ET

    Yahoo and Delta Air Lines were among the companies posting big gains. Stocks started climbing from the opening bell on Wednesday as investors cheered the latest quarterly earnings report from Yahoo. The Web pioneer reported late Tuesday that it is making most of its money from its stakes in two Asian Internet companies: China's Alibaba Group and Yahoo Japan.

  • Early Glance: Banks companies Wednesday, 16 Apr 2014 | 10:27 AM ET

    Bank of America Corp. fell$. 46 or 2.8 percent, to $15.94. Citigroup Inc. fell$. 66 or 1.4 percent, to $47.65. Goldman Sachs rose$. 67 or. 4 percent, to $155.59.

  • U.S. stock index futures traded higher on Wednesday, ahead of a busy day for bank, tech and pharmaceutical earnings.

  • *Bank of America posts loss, shares fall. NEW YORK, April 16- U.S. stocks were set to rise at the open on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.

  • BofA results leave analysts scratching their heads Wednesday, 16 Apr 2014 | 7:58 AM ET

    "It looks like it's an operating beat, but they got there probably like no one thought they would," Raymond James analyst Anthony Polini told CNBC.

  • *Bank of America posts loss, shares fall. NEW YORK, April 16- U.S. stock index futures rose on Wednesday after China's economic growth came in above expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.

  • April 16- Bond insurer Financial Guarantee Insurance Co said it had reached an agreement with Bank of America Corp to settle litigation related to nine second-lien residential mortgage-backed securitizations FGIC had insured.

  • Early movers: BAC, PNC, YHOO, GM & more Wednesday, 16 Apr 2014 | 7:46 AM ET
    Traders on the floor of the New York Stock Exchange on April 11, 2014

    Some of the names on the move ahead of the open.

  • Bank of America posts loss, hurt by legal charges Wednesday, 16 Apr 2014 | 7:41 AM ET

    CHARLOTTE, N.C.— Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges.

  • April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

  • Bank of America posts loss as litigation charges weigh Wednesday, 16 Apr 2014 | 7:10 AM ET

    April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

  • Here's why riskier bonds are shining again Wednesday, 16 Apr 2014 | 3:50 AM ET

    Many stock markets around the world are at or near their highest levels ever, so perhaps a correction is on the cards. The asset class that benefits most in this environment is fixed income.

  • WASHINGTON, April 16- A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

  • Coca-Cola and MasterCard are big market movers Tuesday, 15 Apr 2014 | 5:01 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. The Coca-Cola Co., up $1.45 to $40.18. MasterCard Inc., up 97 cents to $72.15.

  • In the meantime, though, fund managers are buying Diebold Corp, the automated teller machine maker whose stock has underperformed bigger rival NCR Corp since 2009, on signs it may post better returns than NCR this year.

  • April 15- ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday.

  • US stock markets rebounds after choppy day Tuesday, 15 Apr 2014 | 9:20 AM ET

    The late rally even gave a lift to tech stocks like Google and Intel, which had weighed on the market much of the day. "As long as the market can close on a positive note, it sends a signal to investors that there are bargains in the market still to be had," said Quincy Krosby, market strategist at Prudential Financial.

  • Fund managers unfazed by tech rout: BofA survey Tuesday, 15 Apr 2014 | 8:30 AM ET

    Fund managers haven't changed their investment strategies for the tech sector, in spite of the recent heavy selling.

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