All Posts Tagged With: "Bank of America Corporation"
(BAC) Underwhelming Earnings Backdrop
Wednesday, April 17, 2013 Unlike Tuesday when earnings reports were on the reassuring side, the tone of this morning’s releases is on the negative side. And it’s not just this morning’s Bank of America (BAC)...2May2013 | vitalstocks | Comments Off | Continued
(CUZ) Cousins Properties Incorporated Boosts Liquidity
In order to enhance its financial flexibility, Cousins Properties Incorporated (CUZ) infused approximately $165.1 million of capital through a public offering of its common stock. The company’s plans to finance an...2May2013 | vitalstocks | Comments Off | Continued
(CMA) Comerica Marginally Beats on Earnings
Comerica Inc. (CMA) reported first quarter 2013 earnings of 70 cents per share, beating the Zacks Consensus Estimate of 67 cents. Moreover, results surpassed the year-ago quarter earnings per share of 68 cents. Comerica’s...27Apr2013 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley Beats on Earnings and Revenues
Morgan Stanley’s (MS) first-quarter 2013 adjusted earnings from continuing operations of 61 cents per share outpaced the Zacks Consensus Estimate by a nickel. However, this compared unfavorably with prior-year quarter earnings of...21Apr2013 | vitalstocks | Comments Off | Continued
(GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified?
The Goldman Sachs Group, Inc. (GS) CEO Lloyd Blankfein received a massive pay raise of nearly 75% in 2012, as per a latest SEC filing by the bank. However, the hike in compensation, which will bring Blankfein’s salary to $21 million,...21Apr2013 | vitalstocks | Comments Off | Continued
(C) Citigroup Posts Encouraging Earnings
After reporting disappointing results in the prior quarter, Citigroup Inc. (C) reported an impressive first-quarter 2013. Earnings per share came in at $1.29 for the quarter, beating the Zacks Consensus Estimate by 11 cents. Moreover,...21Apr2013 | vitalstocks | Comments Off | Continued
(JPM) Foreclosure Activity Declines in First Quarter
Indicating the marginal revival of the housing market, the foreclosure market report – released by RealtyTrac – revealed that the overall foreclosure activity in Mar 2013 continued to show a downward trend. As per this leading online marketplace of foreclosure properties, foreclosure filings plunged...18Apr2013 | vitalstocks | Comments Off | Continued
(BAC) Bank of America Gets Approval for Settlement
Bank of America Corporation (BAC) received approval from the U.S. District Court of the Southern District of Manhattan to settle a $2.43 billion class-action lawsuit filed by irate shareholders over the acquisition of Merrill Lynch....18Apr2013 | vitalstocks | Comments Off | Continued
(AMP) Ameriprise Financial Analyst Remains Neutral on Shares
On Apr 5, 2013, we reaffirmed our long-term Neutral recommendation on Ameriprise Financial Inc. (AMP). Our decision is based on its robust capital deployment actions and strong liquidity position. However, escalating expenses and unsettling...18Apr2013 | vitalstocks | Comments Off | Continued
(ORCL) Will Q1 Provide the Earnings Growth Bottom? – Earnings Outlook
The first quarter 2013 earnings season has gotten underway, though it will take another three weeks for the reporting cycle to heat up. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...15Apr2013 | vitalstocks | Comments Off | Continued
(BAC) Time to Play Rising Natural Gas Prices
A recent Barron’s article was very positive about banks in 2013. They expect healthy growth from capital markets, corporate lending and deposits. And the existing catalysts of housing and the labor market to continue to push earnings higher. The article listed the EU and the...13Apr2013 | InvestmentU | Comments Off | Continued
(ORCL) Economic Data Turns Market Bearish – Earnings Preview
The market’s mood appears to have shifted following the recent run of weak economic data, with investors grudgingly acknowledging that the economy may not be in as good a shape as everybody had expected. May be it’s the typical seasonal weakness that we have become accustomed to in recent years,...7Apr2013 | vitalstocks | Comments Off | Continued
(USB) U.S. Bancorp’s Capital Plan Approved
Following the release of the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) results, U.S. Bancorp (USB) gets the nod for its capital plan along with other major banks. With the approval, the company plans to augment...2Apr2013 | vitalstocks | Comments Off | Continued
(ORCL) Will an Earnings Growth Bottom Arrive in 2013′s First Quarter?
The first quarter 2013 earnings season has gotten underway, though it will take another three weeks for the reporting cycle to heat up. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...28Mar2013 | vitalstocks | Comments Off | Continued
(XLF) Stock Market News for March 19, 2013 – Market News
Benchmarks declined for the second day in a row following news that Cyprus is on the brink of a financial crisis and needs to be bailed out. These developments rekindled fears of the Euro Zone crisis among investors. Financial stocks were the worst hit among the top ten S&P 500 industry groups...28Mar2013 | vitalstocks | Comments Off | Continued
(ORCL) A Breather Before Q1 Earnings Deluge – Earnings Preview
The first quarter earnings season has gotten underway, though it will take a few more weeks for the reporting cycle to get into high gear. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...23Mar2013 | vitalstocks | Comments Off | Continued
(BK) The Bank of New York Mellon Earns Federal Reserve Capital Plan Approval
The Bank of New York Mellon Corporation (BK) announced that its capital deployment plan, submitted under the 2013 Comprehensive Capital Analysis and Review (CCAR) or the stress test, has received approval from the Federal Reserve. Consequently,...23Mar2013 | vitalstocks | Comments Off | Continued
(WFC) Federal Reserve Approves 2013 Bank Stress Tests
After the release of the Dodd-Frank Act supervisory stress test 2013 (DFAST 2013) results last week, the Federal Reserve came up with the approval of capital plans of 14 financial institutions out of 18 in the Comprehensive Capital Analysis and Review (CCAR). Two banks have received approval subject...18Mar2013 | vitalstocks | Comments Off | Continued
(BAC) Bank of America Launches BankAmericard Better Balance Rewards Card
Bank of America Corporation (BAC) launched a new credit card – BankAmericard Better Balance Rewards card. The card offers customers a reward of up to $100 yearly for efficient management of their credit card payments per month. The...5Mar2013 | Shawn | Comments Off | Continued
(JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall
JPMorgan Chase & Co. (JPM) became the latest global bank to announce job cuts to improve profitability. The company will be eliminating overall 19,000 jobs (about 7.3% of the total workforce as of Dec 31, 2012) by the end of 2014....27Feb2013 | Shawn | Comments Off | Continued
(BAC) Stock Market News for February 14, 2013 – Market News
Benchmarks finished mixed following a small increase in retail sales and marginally upbeat earnings reports. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. Industrial stocks were the major gainer among the top 10 S&P...14Feb2013 | Shawn | Comments Off | Continued
(JPM) Should Too-Big-to-Fail Banks Be Carved Up?
Richard Fisher has once again sounded a familiar clarion call: “Too big to fail” cannot be a principle the US financial system continues to abide by. Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation...1Feb2013 | Shawn | Comments Off | Continued
(JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends
The fourth quarter earnings season hasn’t been that eventful thus far even though we have results from 67 S&P 500 companies already (as of Friday, January 18th). The reason is that expectations for this earnings season were set by the very weak third quarter reporting season. Given those low...22Jan2013 | Shawn | Comments Off | Continued
(BAC) Bank of America Beats by a Penny – Revenues Down
Bank of America Corporation (BAC) reported fourth-quarter 2012 earnings of 3 cents per share, which managed to beat the Zacks Consensus Estimate by a cent. However, this compares unfavorably with the earnings of 15 cents in the prior-year...18Jan2013 | Shawn | Comments Off | Continued
(BAC) Housing Starts, Jobs Data May Boost Sentiment – Economic Highlights
Strong housing and labor market readings this morning should add to optimism about the overall economic picture and offset the weak earnings reports from Bank of America (BAC) and Citigroup (C)....17Jan2013 | Shawn | Comments Off | Continued
(GERN) Geron’s Update on Stem Cell Assets
Geron Corporation (GERN) announced that it has signed an Asset Contribution Agreement with BioTime, Inc. (BTX) and BioTime’s recently formed subsidiary, BioTime...16Jan2013 | Shawn | Comments Off | Continued
(C) Banks Continue Battling Legal Issues
Last week, DZ Bank AG, a German lender, filed a lawsuit against Citigroup Inc. (C) and The Royal Bank of Scotland Group plc (RBS), for misrepresentation of documents...2Jan2013 | Shawn | Comments Off | Continued
(RBS) The Royal Bank of Scotland Group Wins Lawsuit Dismissal
A lawsuit filed by South Korea-based Woori Bank against The Royal Bank of Scotland Group plc (RBS) was dismissed by a U.S. District judge in Manhattan. The lawsuit was related to Royal Bank’s sale of collateralized debt obligations...1Jan2013 | Shawn | Comments Off | Continued
(UBS) UBS AG Settles LIBOR Scam with $1.5 Billion
UBS AG (UBS) has finally conceded to paying a penalty of CHF 1.4 billion ($1.5 billion) to the U.S., U.K. and Swiss authorities to resolve charges against the bank for its involvement ...28Dec2012 | Shawn | Comments Off | Continued
(SNV) Treasury to Exit Banks’ TARP in 2013
On Tuesday, the Treasury Department released an update on its strategy initiated early this year of exiting its remaining Troubled Asset Relief Program (TARP) investments in banks through the Capital Purchase Program (CPP). Currently, 218 banks remai ...27Dec2012 | Shawn | Comments Off | Continued