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Bank of America Corp

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  • Countrywide Results to Shed Light on Housing, BofA Friday, 25 Jan 2008 | 1:54 PM ET

    Countrywide Financial's fourth-quarter results, scheduled for release on Tuesday, will be closely scrutinized for what they show about the declining U.S. housing market, and what they mean for Bank of America, which is buying the nation's largest mortgage lender.

  • A Perfect Storm for Profits? Thursday, 24 Jan 2008 | 7:42 PM ET

    There seems to be a “coalescence” of good news for the market, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • BofA Doubles Preferred Stock Sale - Sources Thursday, 24 Jan 2008 | 5:52 PM ET

    Bank of America doubled its two preferred stock offerings to at least $12 billion after yield-hungry investors placed orders for more than twice the amount offered, according to people involved in the deal.

  • The CNBC Edge: Market Survival Guide Tuesday, 22 Jan 2008 | 10:07 PM ET

    The Dow hit its lowest level in 15 months as the NASDAQ and S&P 500 also extended losses into the market close, despite the Fed’s emergency rate cut early Tuesday morning.Amid the market turmoil and recession angst, CNBC brings you the experts to help you keep your portfolio afloat.

  • Did The Fed Waste Its Ammo? Tuesday, 22 Jan 2008 | 6:24 PM ET

    The Fed's surprise 3/4-point rate cut gave investors a jolt of confidence and will probably help the consumer better navigate a weak economy. But the question lingers: Did the Fed overreact and give markets too much of a good thing?

  • Fed's Rate Cut Limits Selloff by Stocks Tuesday, 22 Jan 2008 | 5:29 PM ET
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    A surprise Fed rate cut helped hold back a massive selloff in the stock market, although stocks closed lower on continued worries about the US economy.

  • Bank of America Misses, But Forecast Boosts Shares Tuesday, 22 Jan 2008 | 12:47 PM ET
    A Bank of America branch.

    Bank of America said its quarterly profit sank 95 percent, hurt by more than $7 billion of losses tied to write-downs, poor trading decisions and mounting credit woes, but shares gained amid a forecast for a positive 2008.

  • Cramer on Fed: It's a Start Tuesday, 22 Jan 2008 | 12:30 PM ET

    Tuesday's emergency rate cut shows that Bernanke has a pulse, Cramer says, but it won't be enough to stop the bleeding in the financial markets. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

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    Bank of America's CEO says he is not pleased with his own company's performance and sees anemic growth for 2008. Still, he believes the purchase of Countrywide will close in the second half of this year, sending CFC shares up in early trading.

  • Market Insider/Tuesday Look Ahead Tuesday, 22 Jan 2008 | 7:17 AM ET

    The global freefall in equities markets is likely to shake Wall Street Tuesday morning as investors shun stocks and search for safety plays.

  • Week Ahead: Can Earnings Cheer Gloomy  Market? Sunday, 20 Jan 2008 | 3:56 PM ET
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    A heavy gloom hanging over Wall Street may deepen this week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.

  • Game Plan: Feds Need to Buy Mortgage Insurers Friday, 18 Jan 2008 | 7:25 PM ET

    Forget about tax rebates. Cramer has the stimulus package this economy really needs.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Stop Trading!: Cramer's Stimulus Package Friday, 18 Jan 2008 | 3:39 PM ET

    Washington has its plan to boost the economy, and the Mad Money host has his.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Ambac Loses AAA Rating from Fitch; On Watch at S&P Friday, 18 Jan 2008 | 11:03 AM ET

    Ambac Financial Group on Friday said it scrapped plans to issue $1 billion of new equity, in a move that may result in the bond insurer's top debt ratings getting cut.

  • Countrywide Awards "Retention Grants" Thursday, 17 Jan 2008 | 10:04 PM ET

    In a form filed after the bell with the SEC, Countrywide says its board has decided to award "retention grants" to all executive officers except CEO Angelo Mozilo.

  • GMAC Says Mortgage Unit Meeting 2007 Obligations Thursday, 17 Jan 2008 | 2:50 PM ET

    Finance company GMAC said it expects its struggling Residential Capital mortgage unit will have met its financial covenants at the end of 2007 and that GMAC itself remains adequately capitalized.

  • Countrywide's Press Release On Helping Homeowners Wednesday, 16 Jan 2008 | 4:25 PM ET
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    Countrywide Financial sent out a press release saying it helped 81,000 people KEEP their homes in 2007. Here's the press release. Specifically, the company says it modified 56,000 mortgages last year, 10,000 of them in December alone, allowing people to stay in their homes.

  • Bank of America to Cut 650 Jobs, Sell Brokerage Tuesday, 15 Jan 2008 | 2:47 PM ET
    A Bank of America branch.

    Bank of America said on Tuesday it would eliminate 650 corporate and investment banking jobs and sell its equity prime brokerage business, as the second-largest U.S. bank retrenches in the face of difficult credit market conditions.

  • Stocks Fall 2% As Ugly January Continues Friday, 11 Jan 2008 | 6:57 PM ET
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    Wall Street plunged lower Friday amid renewed fears that some consumers are buckling under signs of a slowing economy. What’s the word on the Street?

  • Countrywide Sale Expected to Spur More Deals Friday, 11 Jan 2008 | 4:57 PM ET
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    Similar deals are expected to follow Bank of America's agreement Friday to acquire battered mortgage lender Countrywide Financial for a knock-down price of $4 billion in stock.