Monday, August 10th, 2009
Bank of America has been getting some better news lately, but the company isn't out of the woods just yet. As the company proved recently, there are still many challenges in their core US operations mainly related to consumer and business credit quality.
In the quarter ended June 30, BAC ...
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Thursday, February 26th, 2009
Bank of America investors have been suffering from severe mood swings lately. Based on concerns that the bank would be nationalized, huge volumes of the market cap have disappeared as everyone waits to see which way the regulatory winds will blow. Ben Bernanke seemed very clear that the ...
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Wednesday, February 11th, 2009
Bank of America shares shed 19.2% of their value yesterday on a day that was particularly brutal for financial institutions on Wall Street. Investors didn't care for details of Timothy Geithner's vision of a financial bailout, and stocks were hammered as a result.
Bank of America CEO Ken Lewis sent ...
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Monday, February 2nd, 2009
Bank of America has been one of the largest recipients around of TARP funds. The company has received over $45 billion from the government, yet seems unable of reigning in spending. Bank of America has been coming under increasing fire in recent days by politicians and angry taxpayers ...
Posted in Business | 1 Comment »
Tuesday, January 20th, 2009
BAC, and all other major bank stocks were pummeled today. Sentiment towards banking stocks remains hostile. The idea is easy to understand. Almost all banks worldwide still have a great amount of toxic assets on their balance sheets. Bad loans are being defaulted on constantly, and ...
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Tuesday, October 7th, 2008
To say it was a bad day for Bank of America would be a bit of an understatement. It's no real wonder why. Investor sentiment is squarely negative when it comes to financial stocks. Bank of America (NYSE:BAC) is a company that's right at the center of ...
Posted in Business | 1 Comment »
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