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Stocks Bank of America Corp

  • Financial stocks are seeing huge options activity Tuesday, led by State Street, which is down roughly 50 percent after reporting a 71 percent drop in fourth-quarter earnings. Options volume for STT was six times normal this morning. Also: Options action looks at PNC Financial Services, Bank of America and JPMorgan.

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    Wall Street ushered in the Barack Obama presidency with a substantial drop in the Dow, amid fresh signs the global bank crisis is far from over.

  • The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.

  • Stocks paused briefly as Barack Obama was sworn in as the 44th president but resumed their slide as banks took a beating over profit worries.

  • While Obama takes the oath, all eyes in the markets will be on the financial sector following RBS's monster loss announcement in the UK.

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    Even on Inauguration Day, companies continued to announce layoffs, reinforcing the  challenges facing Barack Obama.

  • U.S. stock index futures failed to match the buoyant mood across the country Tuesday as concerns over the weakening economy remained despite the inauguration of President-elect Barack Obama.

  • A Bank of America branch.

    Bank of America may slash as much as 4,000 jobs in its capital markets units starting this week, the Financial Times reported on its Web site quoting executives familiar with the matter.

  • UPDATED WITH VIDEO CLIPS.  Dateline NBC aired portions last night (Sunday) of an interview with Warren Buffett by Tom Brokaw.  Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months.   The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad.  This is the first part of the complete transcript of that interview, as provided by NBC News.

  • Dateline NBC aired portions tonight (Sunday) of an interview with Warren Buffett by Tom Brokaw. Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months. The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad. This is the complete transcript of that interview, as provided by NBC News.

  • Asian markets were mostly higher Monday while the greenback lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.

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    The selloff in Bank of America and Citigroup may just be the beginning. Analysts now are predicting that the same problems hitting those two big banks will soon spread to the entire industry.

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    Banks must reveal the true scale of their bad assets to help revive frozen global credit markets, British Prime Minister Gordon Brown said on Saturday as officials met bank chiefs to thrash out a new rescue package.

  • With the landscape in the financials changing almost on a daily basis, how should you invest?

  • Stocks ended a dismal week on an up note as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.

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    The Dow rose on Friday on strength in the energy sector and companies that hold up well in recessions...

  • On Friday, the US markets managed to close in positive territory for the day, however, they turned in their second-down-week in a row losing almost 3% or greater across the board, led by the S&P 500 Index.

  • For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.

  • Today’s consumer price index dropped for the fifth consecutive month. This is part of the unwinding of the great oil shock that was an important, if overlooked, factor in the current economic downturn.

  • Stocks were back up in a yo-yo session as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.