Bank of America Corporation

Goldman Sachs is out with its report today on Bank of America Corporation (NYSE: BAC), maintaining Buy. In a note to clients, Goldman Sachs writes, "We maintain our Buy rating, as the inability to return capital is a disappointing sign, but we didn't view capital returns as a big driver for...

Brian Moynihan, CEO of Bank of America Corporation (NYSE: BAC), spoke to CNBC this afternoon about the possibility of a dividend in 2011. Though nothing has been finalized yet, Moynihan said that the dividend would not occur until the second half of the year. And if the company does announce a...

Bank of America Corporation (NYSE: BAC) announced two GSE settlements for a total of $2.8bil, driving a 4Q10 rep-and-warranty provision of $3.0bil ($0.20/shr) relating to just GSE, KBW reports. “BAC will also record a $2.0bil ($0.20/shr) goodwill impairment in 4Q10,” KBW writes. “We're lowering our...

Jeffries & Company analysts Richard B. Shane Jr., Jonathan M. Philpot and Roman Leal wrote an opinion on the "Truth in Lending Act". They said that the proposal balances protecting consumers with credit card issuer's profitability. They were initially concerned that because of the current...

Former Countrywide Financial customers in Florida will get settlement checks as part of the settlement of a lawsuit filed in 2008. The attorney general of Florida sued Countrywide Financial, alleging that Countrywide was involved in deceptive and unfair trade practices by allowing borrowers to take...

Share prices of financial stocks took a beating on Monday as fears about interest rate policy and the condition of the global economy took their toll on investor confidence. Financial firms across the board had down days with firms like Citigroup, Inc. (NYSE: C) falling over 2%, JPMorgan Chase...

Bank of America Corporation (NYSE: BAC) and the Securities and Exchange Commission are in the process of reaching a settlement relating to charges that the bank did not properly disclose billions in dollars of employee bonuses and financial losses at Merrill Lynch before the two banking giants'...

Employees of Bank of America Corporation's (NYSE: BAC) investment bank and Global Markets unit are set to receive over 4$ billion in bonus pay for 2009, according to a person familiar with the situation. Financial institutions such as Bank of America, JPMorgan Chase & Co. (NYSE: JPM), American...

Bank of America Corporation (NYSE: BAC), the country's largest mortgage lender, announced on Tuesday that it would be the first lender to agree to lower or eliminate payments on second mortgages. The Second Lien Modification Program is a federal initiative that pays incentives to second mortgage...

The U.S. stock market opened higher on the back of positive earnings reports and news that Greece should raise much needed funds. The materials and financial sectors led the way for a rising Standard & Poor's 500-share index (Nasdaq: SPX). After worries about the effects of proposed banking...

A report from Wells Fargo Securities (NYSE: WFC) shows an improving environment for credit card issuers. Credit card trends suggest there will be improved card performance by mid 2010, with Bank of America Corporation (NYSE: BAC) benefiting more than JPMorgan Chase and Co. (NYSE: JPM). Delinquency...