Stocks Bank of America Corp

More

  • Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.

  • merrill.jpg

    Merrill Lynch and UBS may lose money this quarter and suffer writedowns of $6 billion and $11.1 billion, respectively, as credit problems worsen,  Oppenheimer analyst Meredith Whitney said.

  • Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • U.S. stock index futures turned negative Tuesday, suggesting that the recent stock rally may cool.

  • U.S. stock index futures turned negative Tuesday, suggesting that the recent stock rally may cool.

  • discount_window.jpg

    The embattled financial sector took another hit Tuesday as JPMorgan Chase and UBS cut their earnings forecasts for Merrill Lynch and said they expect the Wall Street firm to disclose more write-downs.

  • Stocks rallied Monday after JPMorgan Chase raised its offer for Bear Stearns and a report on home sales came in better than expected.

  • Stocks rallied into the new week after JPMorgan Chase raised its offer for Bear Stearns and a report on home sales came in better than expected.

  • U.S. stock index futures pointed to a mixed open for Wall Street after the Easter break, with investors still nervous about the state of the economy.

  • Bank of America, the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst.

  • Stocks closed higher Thursday, boosted by a late-breaking Federal Reserve announcement, a better-than-expected regional manufacturing report and an upbeat analyst note on financials. Oil prices were back above $100 a barrel.

  • visa_ipo.jpg

    Visa shares jumped as much as 38 percent in the world's largest credit card network's market debut on Wednesday, as eager investors handed some beleaguered U.S. banks a much-needed payday.

  • The Federal Reserve announced a 75 basis point cut to its Fed Funds Target today, bringing the rate down to 2.25%, its lowest level since January 2005.   The Fed has now cut the rate by 3.0% since it began easing in September of last year.  How does 300 basis points over 180 days compare to past easing periods?

  • Enthusiasm for the Federal Reserve's actions to stem the credit crunch propelled the Dow Jones Industrial Average to a higher close Monday, a day when everyone expected a rout due to weekend fire sale of Bear Stearns.

  • Traders I talked to on the floor of the New York Mercantile Exchange today were rather somber: not because oil futures saw the biggest dollar drop in 17 years but because those who own NYMEX shares watched the stock tank about 10 percent today.

  • 080313 Visa IPO.jpg

    As Visa’s expected public offering approaches, will the company’s IPO draw the attention that was anticipated?  Here is some data on Visa, its business and its competitive position.

  • Credit Crunch

    A fire sale of Bear Stearns stunned Wall Street and pummeled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.

  • Dow Industrials newcomer Bank of America leads the list as the highest current yielder of all 30 Dow stocks. Chevron, the other recent Dow addition enters the list with a 2.7% yield.