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Bank of America Corp

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  • 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.

  • 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?