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Bank Of America Execs Must Have Impressed JPMorgan Last Week
Monday, June 22, 2015 - 11:12am | 478Read More...JP Morgan analyst Vivek Juneja reiterated an Overweight rating on Bank of America Corp (NYSE: BAC) with a price target of $18 last week after meeting with Bank of America CEO Brian Moynihan and Dean Athanasia, the Co-Head of Consumer Banking. Following the 2008 financial crisis, Bank of America...
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Bank Of America CEO: Low Oil Prices Will Be A 'Long-Term' Benefit For U.S.
Tuesday, January 20, 2015 - 2:24pm | 319Read More...Bank of America Corp (NYSE: BAC) CEO Brian Moynihan was on CNBC Tuesday to discuss how low oil prices are impacting the bank and its broader affect on the economy. "We have a $900 billion loan portfolio and our exposure in oil is around $40 billion that we disclosed," Moynihan said,...
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Bank Of America Shares On The Move: Here's Why
Wednesday, December 10, 2014 - 9:16am | 421Read More...While the overall market is witnessing a slump, Bank of America Corp (NYSE: BAC) was one of the prominent losers Tuesday. The stock opened significantly lower and saw a lot of activity, which is being attributed to a presentation made by Bank of America CEO, Brian Moynihan. CNBC’s Kayla...
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Bank of America Crushes Estimates On Accounting Profits (BAC)
Wednesday, July 17, 2013 - 8:32am | 480Read More...On what is an all-too-familiar theme so far this quarter, Bank of America (NYSE: BAC) reported better than expected second quarter results. However, shares were volatile following the release as the quality of the earnings came into question, which has been a common theme this earnings season for...
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Here Are 14 Yearbook Photos of Business Big Shots
Wednesday, May 22, 2013 - 12:19pm | 95Read More...When we think of the business titans of our age, we often associate their likeness with private jets, cash flows in the millions, intense board room meetings and bold leadership. Yet, the humble beginnings of the CEOs, co-founders and chairmen of some of America's top companies are often...
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Bank of America Misses Estimates, Shares Slide Pre-Market
Wednesday, April 17, 2013 - 7:31am | 493Read More...U.S. banking behemoth Bank of America (NYSE: BAC) reported first quarter results early Wednesday that missed analyst estimates and shares slid in the pre-market. For the first quarter of 2013, Bank of America reported earnings per share of $0.20 on adjusted revenue of $23.8 billion. Analysts were...
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Benzinga Market Primer: Tuesday, March 26
Tuesday, March 26, 2013 - 6:19am | 829Read More...Futures Slightly Higher Despite Euro Fears U.S. equity futures were slightly higher in early pre-market trade despite fears emanating from the eurozone over a new bailout template laid out by Cyprus. Comments from Eurogroup Finance Minister Jeroen Dijsselbloem sent markets lower Monday after he...
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Bank of America to Pay $10 Billion in Mortgage Settlement
Monday, January 7, 2013 - 4:49pm | 525Read More...Bank of America (NYSE: BAC) said on Monday that it had come to an agreement with Fannie Mae to settle claims over faulty mortgages sold by the bank's Countrywide Financial division during the housing boom. Bank of America will pay the government-sponsored mortgage giant a whopping $10 billion in...
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BofA CEO Brian Moynihan Talks Employee Pay on Bloomberg Television
Friday, January 27, 2012 - 5:23pm | 960Read More...Bloomberg Television's Erik Schatzker spoke to Bank of America CEO Brian Moynihan this morning, live from Davos, Switzerland. Moynihan said that talks to cut employees' pay are "honest and open" and that he doesn't share Morgan Stanley CEO Gorman's opinion that miffed workers should leave. Asked...
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Bank of America Steals From Unemployed People
Monday, November 14, 2011 - 6:50pm | 826Read More...It's like Brian Moynihan wants to be the biggest jackass in the world. First, he and his cronies at Bank of America (NYSE: BAC) hatch this stupid plan to charge debit card users $5 a month to access their own money. After consumers move $60 BILLION in money from banks to credit unions, he backs...
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A Look At Citigroup's Stock Price Under Vikram Pandit
Friday, September 2, 2011 - 12:43pm | 479Read More...Bank of America's (NYSE: BAC) CEO Brian Moynihan has been catching a lot of heat recently, and rightly so, given the bank's plunging stock price under his tenure. He is also making a name for himself due to his delusionally upbeat forecasts for his company that in no way conform to reality. The...
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When All Else Fails, Turn To Warren
Thursday, August 25, 2011 - 9:34am | 724Read More...Warren Buffett did it again. Bank of America (NYSE: BAC) announced this morning it would be selling 50,000 preferred shares to Warren Buffett and Berkshire Hathaway (NYSE: BRK-A), worth $5 billion. Buffett, as is his customary deal, will also get warrants to purchase 700 million shares at an...
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Brian Moynihan's Rapidly Shrinking Net Worth
Tuesday, August 23, 2011 - 12:28pm | 565Read More...Bank of America's (NYSE: BAC) over-promising, under-delivering CEO Brian Moynihan uttered some words that could have been lifted right out of an investor's nightmare during a conference call hosted by Bruce Berkowitz and Fairholme Capital earlier this month. He told investors on the call that...
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Bank Of America Plunges On China Construction Worries
Monday, August 22, 2011 - 3:04pm | 348Read More...Bank of America (NYSE: BAC) shares are getting crushed yet again on Monday, after China Construction Bank Corp. said that BAC will retain at least half of its stake in the company. Some investors had been hoping that BAC would divest its entire 10% stake in China Construction in order to raise...
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No Guts, No Glory: Time to Go All In on Banks?
Thursday, August 11, 2011 - 3:50pm | 915Read More...No one ever said making money in the market was easy. Sometimes the most profitable trades are the ones where you have to hold your nose when you buy. Recent action in the market has been eerily similar to the financial meltdown in 2008 and 2009, with the big banks being at the epicenter of the...
