All Posts Tagged With: "BAC"
(BAC) Bank of America Corporation – Bear of the Day
Bank of America Corp.’s (BAC) fourth-quarter earnings came in substantially lower than the Zacks Consensus Estimate. The sale of non-core assets and accounting gains made it possible for the company to remain profitable during the quarter. However, excluding nonrecurring...
26Jan2012 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for January 23, 2012 – Market News
Strong corporate results helped lift the Dow higher to a six month high, while the S&P 500 registered frugal gains. Meanwhile, an earnings miss by Google weighed down the Nasdaq Composite Index. Nonetheless, the markets managed to end another week with gains and each benchmarks...
23Jan2012 | vitalstocks | 0 comments | Continued(GS) Banking on a Turnaround? – Investment Ideas
Can we really have a rally without the financials? Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most of these...
21Jan2012 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for January 20, 2012 – Market News
Strong corporate earnings results and a positive jobless claims report helped carry the markets forward on Thursday. On an otherwise lackluster day, the S&P 500 touched a five-month high as investors awaited results from Google. However, post the closing bells, Google’s...
20Jan2012 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for January 18, 2012 – Market News
The major US indices registered gains to close in the green after a slew of positive economic reports were released at home and in China. A successful debt auction in Europe added to the cheer. However, the gains were limited, as investors’ sentiments were dampened after the...
18Jan2012 | vitalstocks | 0 comments | Continued(BAC) Company News for January 17, 2012 – Corporate Summary
• During a hearing in Franfurt, Presiding Judge Daniel Koehle said JP Morgan Chase & Co. (NYSE:JPM) and the German city of Pforzheim should settle their dispute over losses of 56 million Euros on an interest rate swap. • Bank of America Chairman (NYSE:BAC)...
17Jan2012 | vitalstocks | 0 comments | Continued(EU) Stock Market News for January 16, 2012 – Market News
Markets edged lower once again, bogged down by cross-Atlantic concerns as several euro-zone countries looked likely to suffer credit-rating downgrades. Things were also farm from cheerful on the domestic front after banking major J.P. Morgan Chase dampened sentiment with its...
16Jan2012 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Analyst Maintains Underperform on Shares
We are reiterating our long-term Underperform recommendation on Morgan Stanley (MS). Though the company’s third-quarter results were significantly ahead of the Zacks Consensus Estimate, there are concerns regarding its financials being marred by various new regulatory requirements,...
14Jan2012 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for January 9, 2012 – Market News
The fact that the US unemployment rate has dropped to its lowest level since February 2009 failed to spark a rally on Friday. European concerns weighed on sentiment to drag the benchmarks marginally lower. However, the first week of 2012 ended on a positive note amidst a slew...
9Jan2012 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for January 4, 2012 – Market News
The first trading day of the year witnessed a positive trend in the US markets, backed by encouraging news from the global arena and positive domestic economic reports. Major indices gained during the trading day helped by an optimistic mood that prevailed among investors. The...
8Jan2012 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for January 6, 2012 – Market News
A slew of better than expected economic reports helped the indices to close flat, after fresh eurozone worries weighed on the markets which opened lower. For the very first time this year, the Dow closed in the red, while the Nasdaq and the S&P 500 index registered small...
6Jan2012 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for January 3, 2012 – Market News
On the last trading day of the year, US markets witnessed low volumes and muted activity as investors seemed reluctant to make any major moves on Friday. The “Santa rally” continued into the day but barely made any impact on the market. The Dow Jones Industrial average (DJIA)...
3Jan2012 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley to Delete Jobs in New York
According to a state filing, Morgan Stanley (MS) intends to lay off 580 workers in New York State due to economic reasons. The company started trimming its workforce since the middle of December on a rolling basis, abide by the Worker Adjustment and Retraining Notification (WARN). The...
31Dec2011 | vitalstocks | 0 comments | Continued(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is going through. A system whose raw material is money...
24Dec2011 | vitalstocks | 0 comments | Continued(BAC) Fitch Ratings Downgrades Giant Wall Street Banks
Adding to the ongoing economic concerns, Fitch Ratings lowered its viability ratings on eight major global banks on Thursday. Moreover, long-term issuer-default ratings were also downgraded on six major U.S. and European banks. The banks experiencing fall in their viability ratings...
24Dec2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for December 23, 2011 – Market News
Investors received a pre-Christmas gift in the form of encouraging economic data, which led the benchmarks higher on Thursday. The Dow and S&P 500 registered their third-straight finish in the green, but trading volumes continued to be on the low side. The Dow Jones Industrial...
23Dec2011 | vitalstocks | 0 comments | Continued(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the unsecured notes of $650 million are issued at an initial price of $100.00...
21Dec2011 | vitalstocks | 0 comments | Continued(JPM) GMAC Exits Mortgage Loans
On Friday, GMAC Mortgage, the mortgage origination and servicing operation of Ally Financial Inc., announced that it would stop purchasing mortgage loans from the third party in Massachusetts. However, the company would honor all its contractual obligations made as of December...
21Dec2011 | vitalstocks | 0 comments | Continued(MCO) Fitch Has Eurozone Rating Misgivings
Ratings agency Fitch has misgivings about Europe’s ability to tackle the sovereign debt crisis. Moody’s, a division of Moody’s Corporation (MCO) and Standard & Poor’s had earlier warned about the failing economic health of the European Union (EU) worsened by the indecision...
20Dec2011 | vitalstocks | 0 comments | Continued(XHB) Stock Market News for December 20, 2011 – Market News
Benchmarks moved into the red zone on Monday after European debt crisis escalated following dismal comments by European Central Bank head Mario Draghi. Adding to the gloom was a Wall Street Journal report that suggested the Federal Reserve had accepted new standards that require...
20Dec2011 | vitalstocks | 0 comments | Continued(JPM) Banks Face Foreclosure Charge Again
In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo & Company (WFC) and Ally Financial...
19Dec2011 | vitalstocks | 0 comments | Continued(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see a...
19Dec2011 | vitalstocks | 0 comments | Continued(BAC) Net Charge-Off Rate Falls
The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
17Dec2011 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Settles MBIA Dispute
In an attempt to strengthen its balance sheet and remove the vestiges of the financial crisis, Morgan Stanley (MS) announced a comprehensive plan to settle its legal fight with MBIA Inc. (MBI). The 2-year-old legal dispute involved conflict over guarantees on commercial mortgage-backed...
15Dec2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns. The Dow Jones...
15Dec2011 | vitalstocks | 0 comments | Continued(JPM) Banks Face Foreclosure Charge Again
In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo & Company (WFC) and Ally Financial...
15Dec2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly fueled by the indecision of the political class to address the crisis. Although...
14Dec2011 | vitalstocks | 0 comments | Continued(XRT) Stock Market News for December 14, 2011 – Market News
Markets eroded initial gains on Tuesday after it emerged that the Federal Reserve had no new gifts to offer to the economy. The central bank also cautioned that the global financial scenario poses a serious threat for the domestic economy. Additionally, with the pre-holiday rush...
14Dec2011 | vitalstocks | 0 comments | Continued(EU) Stock Market News for December 13, 2011 – Market News
Markets reversed gears on Monday and receded into negative territory after the European accord concluded on last Friday faced criticism from Fitch Ratings and Moody’s Investors Service. Tech-giant Intel also contributed to weak investor confidence after the company projected...
13Dec2011 | vitalstocks | 0 comments | Continued(EU) Stock Market News for December 12, 2011 – Market News
Signs of a resolution to the lingering European debt crisis in the offing and a positive consumer data on the domestic front boosted the benchmarks on Friday. Thus, the markets elongated its weekly gains to the second-straight week and the S&P 500 recorded its longest stretch...
12Dec2011 | vitalstocks | 0 comments | Continued