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Bank of America Corp

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  • Soaring Oil a Drag on Markets Tuesday, 22 Apr 2008 | 12:21 PM ET

    Stocks dropped mid-morning as oil is spiking just shy of $120. At this point, oil is a major drag on the markets. Speaking of stocks: we are about one-third through with first-quarter earnings, and it is not shaping up to be a great start.

  • Stocks Slide Amid Earnings Disappointment Tuesday, 22 Apr 2008 | 11:49 AM ET

    Stocks opened lower Tuesday after disappointing guidance from Texas Instruments.

  • Bank of America to Ditch Some Risky Mortgages Tuesday, 22 Apr 2008 | 11:11 AM ET

    Bank of America said Tuesday it plans to stop offering some riskier mortgage loans after it finishes buying Countrywide Financial, the largest U.S. mortgage lender.

  • Asia Under Pressure after Weak US Bank Earnings Tuesday, 22 Apr 2008 | 5:00 AM ET

    Asian markets came under pressure on Tuesday after U.S. stocks pulled in a mixed performance.  Investors sold financials following weak earnings from Bank of America.

  • Clank of America Monday, 21 Apr 2008 | 6:17 PM ET

    The Dow pulled back Monday after a weaker-than-expected profit report from Bank of America stirred concerns about the health of corporate earnings. What's the "Word on The Street?"

  • Texas Instruments Numbers Coulda Been Worse Monday, 21 Apr 2008 | 4:52 PM ET

    Texas Instruments just reported earnings in line. Guidance for the second quarter is weak, 42-48 cents per share, estimate is 48 cents. Down about 2 percent after the close. For today's trading, it could have been worse -- particularly in financials.

  • Stocks Close Mixed as Tech, Energy Gain Monday, 21 Apr 2008 | 12:39 PM ET

    Stocks close mixed as quarterly results from Bank of America and National City fueled worries about bank earnings, while energy and tech gained.

  • April: The Cruelest Month Yet For S&P Or A Turnaround? Monday, 21 Apr 2008 | 12:12 PM ET

    Will April break the losing streak? The S&P is up 5 percent so far in April; but look what it's done the prior five months:

  • Dollar Slips Broadly as BoA Results Cool Optimism Monday, 21 Apr 2008 | 12:08 PM ET

    The dollar fell broadly on Monday after weaker-than-expected Bank of America profits damped investors' initial optimism that companies may escape the pinch of the crisis in global credit markets.

  • Market Retreats on Uncertainty From Banks Monday, 21 Apr 2008 | 10:27 AM ET

    Stocks started the week lower, hurt by more uncertainty in the banking industry and earnings report that left investors wary after coming off a strong rally last week.

  • Bank Of America Continues Monday Woes Monday, 21 Apr 2008 | 9:37 AM ET

    Monday has not been a great day for bank earnings. Last Monday it was Wachovia that disappointed, today futures dropped at 7 am ET as Bank of America came short of expectations.

  • Bank of America's Profit Slammed by Credit Losses Monday, 21 Apr 2008 | 7:28 AM ET
    Bank of America branch, New York City.

    Bank of America,  the largest U.S. retail bank, said quarterly profit fell a larger-than-expected 77 percent, dragged down by more than $5 billion of write-downs.

  • Futures Dip, Hurt by National City Cash Plan Monday, 21 Apr 2008 | 7:02 AM ET

    Stock index futures pointed to a lower start for the week as the first wave in a big week of earnings reports left investors wary.

  • BofA Eyes Sale, Purchase of CCB Shares: FT Sunday, 20 Apr 2008 | 11:29 PM ET

    Bank of America plans to shed part of its 9 percent stake in China Construction Bank in order to raise capital while at the same time looking to exercise options to buy more shares at below-market levels, the Financial Times reported on Monday.

  • This Week Will Be Crucial for Wall Street Sunday, 20 Apr 2008 | 7:09 AM ET

    Investors will have seen enough corporate results by the end of the week to determine if the recent string of encouraging earnings was a real sign stocks can weather the credit crisis.

  • Dollar's Rebound Tied to Hopes for US Economy Friday, 18 Apr 2008 | 3:55 PM ET
    Exchanging Dollars and Euros

    Signs of renewed confidence in the U.S. financial system could support the dollar next week, provided March's housing reports do not revive chances of a steep interest rate cut.

  • New York AG Probing Auction-Rate Securities Friday, 18 Apr 2008 | 6:18 AM ET

    New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.

  • JP Morgan Prowling for Regional Banks, CEO Says Wednesday, 16 Apr 2008 | 3:17 PM ET
    Jamie Dimon

    JPMorgan Chase  is still hunting for regional banks to take over, Chairman and Chief Executive James Dimon said Wednesday.

  • Hedge Fund SRM Global Master Fund is buying more Countrywide shares. The fund has boosted its stake from 32 million shares, to 47 million, or slightly more than 8 percent of shares. Most of the shares were bought in the last few days, at prices ranging from $4.83 to $5.69--so they've made some money, lost some money.

  • Regional Banks, Bucking Trend, Post Higher Results Tuesday, 15 Apr 2008 | 1:30 PM ET

    Several U.S. regional banks reported better-than-expected quarterly results Tuesday, and expressed confidence they could withstand soaring credit losses as the nation's housing market and economy slump.