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Bank of America Corp

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  • 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.

  • Dow Slips as Financials, Retail Tug at Stocks Monday, 14 Apr 2008 | 4:38 PM ET

    Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.

  • It could have been worse. Wachovia's horrible earnings report, along with a dividend cut and a $7 b capital raising effort, dropped many financials two to six percent or more, with small regional banks that have significant real estate exposure particularly hard hit.

  • Energy Stocks Jump; Financials Drag Monday, 14 Apr 2008 | 2:45 PM ET

    Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.

  • Wachovia's Loss: Signal Of More To Come From Banks? Monday, 14 Apr 2008 | 9:15 AM ET

    On Friday, General Electric surprised, now it's Wachovia Bank's turn. They missed by a mile: a loss of $0.14 from continuing operations, consensus was a gain of $0.40. They are cutting their dividend 41 percent and seeking to raise $7 b in capital, so the poor earnings will be diluted even more.

  • The One Financial Stock to Buy Wednesday, 9 Apr 2008 | 12:45 PM ET

    Earnings season is just around the corner for the troubled financial sector, so how does a top stock researcher rate the sector?

  • Valuing Banks: A Stock Picker's Guide Wednesday, 9 Apr 2008 | 10:25 AM ET

    A recent run-up in financials has many on Wall Street wondering if that sector is seeing a bottom. David Stepherson, of Hardesty Capital, and William Smith, of Sam Advisors weighed in on CNBC’s "Closing Bell" with their financial sector picks.

  • Banks & Retail Stocks: Rewards For Bravery? Tuesday, 8 Apr 2008 | 12:05 PM ET

    Is Dan Genter playing with fire?  The president, chief executive and chief investment officer of RNC Genter Capital Management finds promising stocks -- in the financial and consumer discretionary sectors.

  • S&P Gains 4.2% for Week Ahead of Earnings Friday, 4 Apr 2008 | 4:37 PM ET

    Major stock indexes ticked higher Friday though the market was broadly mixed. General Motors skidded, while UBS shares advanced.

  • Financials Lead Stocks Lower; UBS Climbs Friday, 4 Apr 2008 | 10:38 AM ET

    Stocks opened flat Friday as investors shrugged off a worse-than-expected March employment report.

  • Judge OKs Probe into Countrywide Practices Thursday, 3 Apr 2008 | 3:52 AM ET

    A federal judge has granted the U.S. Department of Justice wide authority to probe whether Countrywide Financial Corp abuses the bankruptcy process, rejecting the largest U.S. mortgage lender's claim that the ruling could cause havoc for the lending industry.

  • Subprime Savant: Jamie Dimon Tuesday, 1 Apr 2008 | 6:30 PM ET

    How did JP Morgan emerge from the subprime crisis relatively unscathed?

  • JP Morgan Ousts Citigroup as Top Underwriter Monday, 31 Mar 2008 | 4:40 PM ET

    Citigroup was dethroned as the world's largest underwriter of stocks and bonds for the first time in more than six years, as the global credit crunch hit Wall Street hard.

  • After An Ugly First Quarter, Stocks Look for Rebound Monday, 31 Mar 2008 | 1:03 PM ET
    A specialist is surrounded by screens as he works at his post on the floor of the New York Stock Exchange, Tuesday, June 5, 2007. Stocks dipped Tuesday after comments from Federal Reserve Chairman Ben Bernanke and a strong reading on the U.S. service sector suggested the central bank has little reason to lower interest rates.

    With the major indexes set to finish essentially unchanged for March, there is a growing hope that the market has found a bottom and is ready to rebound.

  • Bank of America Could Scrap Brokerage Sale: FT Monday, 31 Mar 2008 | 6:05 AM ET
    Bank of America branch, New York City.

    Bank of America is considering scrapping the sale of its equities prime brokerage unit after receiving lukewarm interest from potential bidders, the Financial Times reported on its Web site on Sunday.

  • Stocks up

    While the major indexes have posted relatively modest March gains,  many pros think the market has found a bottom and is ready to move up slowly.

  • Countrywide Financial

    Bank of America said it has agreed to pay $28 million to Countrywide Financial Chief Operating Officer David Sambol to induce him to run the merged companies' consumer mortgage operations.