Stocks Bank of America Corp


  • Pros Say: U.S. Recession Looks Endless Friday, 27 Feb 2009 | 3:38 PM ET

    Friday: General Electric (CNBC's parent company) said it'll slash its quarterly dividend 68 percent, saving $9 billion annually. The U.S. agreed to boost its stake in Citigroup to as much as 36 percent. U.S. GDP data was sharply revised downward, with economic loss at 6.2 percent. Experts told CNBC that the market is resisting scary talk from President Obama and Fed Chairman Bernanke — but the recession's end is nowhere in sight.

  • Zen and the Art of the Credit Crisis Friday, 27 Feb 2009 | 3:26 PM ET

    The credit crisis and downward spiral of the economy can be a drag. But put some pictures or music to it and it can be downright fun. Let’s turn that frown upside down! For your weekend viewing pleasure, a few artistic interpretations of the current hole we find ourselves in.

  • How Bank of America Justifies Sports Spending Friday, 27 Feb 2009 | 12:33 PM ET

    A Bank of America official told us that for every $1 they spend on sports marketing, they net $3. They also said that out of all the new checking accounts that were opened in 2008, 10 percent of those were attributed to their sports marketing programs.

  • Plunge in GDP:  Where Economy is Shrinking Most Friday, 27 Feb 2009 | 9:08 AM ET

    Fourth Quarter GDP, was revised down to -6.2%, the worst quarter since Q2 1980 when economic "growth" was -7.8%.   The revision is a significant move from the -3.8% that was originally reported.  Here is a breakdown of where the economy is shrinking most.

  • Futures Slump After GDP Report Friday, 27 Feb 2009 | 8:41 AM ET

    Futures started the day lower as investors bailed out of Citigroup, then slipped further after a report showed economic growth slowed more than previously expected.

  • Stocks Fall After Budget Released Thursday, 26 Feb 2009 | 8:17 PM ET

    The Dow fell in volatile trade on Thursday with Merck  being one of the biggest drags on the blue chip index, as investors worried that the budget proposal could strangle profits.

  • NY Yankees End Sponsorship Talks with BofA Thursday, 26 Feb 2009 | 6:54 PM ET
    New York Yankees
  • Dow Slides as Budget Rattles Health Stocks Thursday, 26 Feb 2009 | 5:24 PM ET

    It was another down day on Wall Street as health-care stocks tanked amid worries that President Obama's budget will clamp industry profits.

  • BofA Seeks to Sell First Republic Bank: Report Thursday, 26 Feb 2009 | 11:44 AM ET
    Bank of America

    Bank of America is looking to sell First Republic Bank, a private bank it inherited from Merrill Lynch, according to a report by the Wall Street Journal.

  • Investors Cheer More Money for Banks Thursday, 26 Feb 2009 | 10:34 AM ET

    Stocks shot up after investors cheered remarks from President Obama that the budget sets aside more money for banks if necessary.

  • Biggest Jobless Claims Since 1982 Thursday, 26 Feb 2009 | 9:27 AM ET

    This morning's weekly employment numbers showed initial jobless claims hitting 667 thousand new claims.

  • Futures Cut Gains After Economic Reports Thursday, 26 Feb 2009 | 9:12 AM ET

    US stock index futures pointed to a strong open Thursday as investors grew more comfortable with the government's plans for the nation's banking system. But a pair of dismal economic reports made a slight dent in gains.

  • A Bank Rally? Wednesday, 25 Feb 2009 | 7:52 PM ET

    Could it be? And if so, will it continue? Cramer says there’s reason to think it might.

  • Market Ends Whiplash Day Lower Wednesday, 25 Feb 2009 | 5:26 PM ET

    The Dow closed lower on Wednesday after President Obama warned of stricter oversight for Wall Street, raising the specter of greater regulation that investors fear could sap profits.

  • Stocks Shed 1% as Obama Spooks Market Wednesday, 25 Feb 2009 | 5:18 PM ET

    Stocks declined Wednesday as a late warning from President Obama about stricter oversight for Wall Street knocked major indexes off their highs for the day.

  • Pros Say: No Recovery Until Housing Improves Wednesday, 25 Feb 2009 | 3:12 PM ET

    Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.

  • Are Any Bank Stocks Safe For Investors to Buy Yet? Wednesday, 25 Feb 2009 | 2:58 PM ET

    Investors looking to pile back into bank stocks Wednesday drew a warning from investment pros: Watch your step.

  • Bernanke: US Has No Plans to Nationalize Citigroup Wednesday, 25 Feb 2009 | 2:45 PM ET
    Ben Bernanke

    Federal Reserve Chairman Ben Bernanke said on Wednesday there was no plan to nationalize troubled US bank Citigroup, causing stocks on Wall Street to trim losses briefly.

  • It Takes a 'Macho Man' to Stimulate This Economy Wednesday, 25 Feb 2009 | 1:15 PM ET

    Everybody's a critic when it comes to fixing this economy. But it takes a real "Macho Man" to get this economy humming again. Well, a "Macho Man" impersonator, anyway.

  • Why More US Banks Aren't Being Allowed to Fail Wednesday, 25 Feb 2009 | 11:41 AM ET

    With all the doom and gloom about the financial system, you'd think banks would be failing at a furious pace. They're not. Here's why and how  that may be about to change.