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11/19/14Market Update (NYSE:BAC): Tory Burch Foundation and Bank of America Expand Elizabeth Street Capit... (Jutia Group)

[Business Wire] - In recognition of global Women’s Entrepreneurship Day, the Tory Burch Foundation and Bank of America today announced the expansion of Elizabeth Street Capital to Los Angeles and throughout Texas, Illinois and Missouri. Read more on this. Bank of America Corporation (BAC), with a current market cap of $179.11B, opened this [...]

11/18/14Stock Update (NYSE:BAC): BofA Merrill Lynch Fund Manager Survey Finds Risk Appetite Lifts as Grow... (Jutia Group)

[Business Wire] - Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch Fund Manager Survey for N Read more on this. Bank of America Corporation (BAC), with a current market cap of $180.25B, began trading this morning [...]

11/17/14Market Update (NYSE:BAC): U.S. top court to hear Bank of America cases on second mortgages (Jutia Group)

[Reuters] - Supreme Court agreed on Monday to hear two cases brought by Bank of America Corp questioning whether a second mortgage on an "underwater" house - one with a mortgage balance exceeding its current value - can be voided during bankruptcy. The homeowners in the two cases, David Caulkett and Edelmiro Toledo-Cardona, both [...]

11/12/14Market Update (NYSE:BAC): Bank of America won’t loosen mortgage credit for riskier borrowers (Jutia Group)

[Reuters] - Government efforts to loosen access to mortgage credit are unlikely to goad Bank of America Corp to make more home loans to less creditworthy borrowers, the bank's chief executive said on Wednesday. "I don't think there's a big incentive for us to start to try to create more mortgage availability where the [...]

11/10/14Stock Update (NYSE:BAC): MOVES-Former Bank of America healthcare banker joins Credit Suisse (Jutia Group)

[Reuters] - A former Bank of America banker who advises clients in the healthcare sector has joined Credit Suisse, according to an internal memo. Sumit Khedekar, who previously worked at the Swiss bank for ten years earlier in his career, will rejoin in January 2015. A Credit Suisse spokesman on Monday confirmed the contents [...]

11/7/14Stock Update (NYSE:USB): BofA, US Bancorp settle lawsuit over roles as WaMu trustees (Jutia Group)

[Reuters] - Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008. It resolves claims by the pension funds that filed suit that the banks failed to protect investors from [...]

11/7/14Stock Update (NYSE:BAC): BofA, US Bancorp settle lawsuit over roles as WaMu trustees (Jutia Group)

[Reuters] - Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008. It resolves claims by the pension funds that filed suit that the banks failed to protect investors from [...]

11/6/14Market Update (NYSE:BAC): Bank of America Adjusts Third-quarter 2014 Financial Results (Jutia Group)

[Business Wire] - Bank of America Corporation today announced an adjustment to its financial results for the third quarter ended September 30, 2014 to include additional litigation expense related t Read more on this. Bank of America Corporation (BAC), with a current market cap of $182.56B, started the session at $17.34.   [...]

11/5/14Company Update (NYSE:BAC): Bank of America CEO Brian Moynihan to Open Bank of America Merrill Lyn... (Jutia Group)

[Business Wire] - Bank of America Chief Executive Officer Brian Moynihan will welcome attendees to the Bank of America Merrill Lynch Banking and Financial Services Conference on Wednesday, November 12 at 8 a.m. Read more on this. Bank of America Corporation (BAC), valued at $181.92B, started trading this morning at $17.32.   [...]

11/3/14Stock Update (NYSE:BAC): BofA Merrill Lynch Global Research Launches Green Bond Index (Jutia Group)

[Business Wire] - BofA Merrill Lynch Global Research announced the October 30 launch of the BofA Merrill Lynch Green Bond Index . The index is designed to track the performance of debt issued by quasi-governments and corporations where the proceeds of the issue are to be used solely for projects and activities that promote [...]

10/23/14Company Update (NYSE:BAC): Bank of America Merrill Lynch Report Finds Millennials Prioritizing Re... (Jutia Group)

[Business Wire] - Saving for retirement and health care expenses was a priority for employees of all ages during the first half of 2014, according to the latest Bank of America Merrill Lynch 401 Wellness Scorecard. Read more on this. Bank of America Corporation (BAC), with a current value of $175.41B, started trading [...]

10/20/14Market Update (NYSE:BAC): Bank of America Makes Apple Pay Available to Customers and Merchants (Jutia Group)

[Business Wire] - Bank of America today began offering its customers and merchants access to Apple Pay, a new mobile payments service that provides an easy and secure way to pay. Read more on this. Bank of America Corporation (BAC), with a current market cap of $170.75B, opened this morning at $16.20. [...]

9/23/14Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces $10 Billion Ca... (Jutia Group)

[Business Wire] - Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative Read more on this. Bank of America Corporation (BAC), valued at $179.30B, began trading this morning at $17.05.   A quick [...]

9/22/14Company Update (NYSE:BAC): Habitat for Humanity International and Bank of America Launch Global B... (Jutia Group)

[Business Wire] - In partnership with Habitat for Humanity, Bank of America today launched their first global multi-city build in 36 communities around the world. The builds focus on helping low-income families create opportunities to experience the stability and security that homeownership brings. Read more on this. Bank of America Corporation (BAC), with [...]

9/17/14Market Update: Bank of America Corporation (NYSE:BAC) – [video] Citi, Bank of America Offer Dis... (Jutia Group)

[at MarketWatch] - Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty. Read more on this. Bank of America Corporation (BAC), with a current value of $175.93B, started the session at $16.71.   [...]

9/16/14Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Declares Quarterly Divi... (Jutia Group)

[Business Wire] - Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. Read more on this. Bank of America Corporation (BAC), currently valued at $175.93B, started trading this morning at $16.67. [...]

9/15/14Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Provides Mid-Cycle Stre... (Jutia Group)

[Business Wire] - Bank of America today published the results of the 2014 Dodd-Frank Act Mid-Cycle Stress Test on the company’s Investor Relations website at http://investor.bankofamerica.com. Read more on this. Bank of America Corporation (BAC), valued at $176.04B, opened at $16.79.   Looking at the equity, the company's one day [...]

9/12/14Stock Update: Bank of America Corporation (NYSE:BAC) – BofA Said to Profit From Alibaba Even Af... (Jutia Group)

[at Bloomberg] - Bank of America Corp., one of the few large banks that isn’t working on Alibaba Group Holding Ltd.’s initial public offering, has found another way to make a buck on the deal. The Charlotte, North Carolina-based bank is giving investors a chance to bet on Alibaba’s performance by offering them a [...]

9/9/14Market Update (NYSE:BAC): Bank of America to Participate in the RBC Capital Markets Financial Ins... (Jutia Group)

[Business Wire] - Bank of America Consumer and Business Banking Executives Dean Athanasia and Thong Nguyen will participate in the RBC Capital Markets 2014 Financial Institutions Conference on September 16 at 7:30 a.m. Read more on this. Bank of America Corporation (BAC), with a current value of $169.73B, began trading this morning at [...]

9/8/14Stock Update: Bank of America Corporation (NYSE:BAC) – Vital Voices and Bank of America Host Pr... (Jutia Group)

[PR Newswire] - WARSAW, Poland, Sept. 8, 2014 /PRNewswire/ -- Vital Voices Global Partnership and Bank of America today launched a weeklong mentoring initiative in Warsaw, Poland, inviting influential women executives from business, media and civil society to mentor women leaders involved in business or social enterprise who are at a tipping point in [...]

9/4/14Company Update (NYSE:BAC): World Record Holders and Past Champion Highlight Elite Fields at 2014 ... (Jutia Group)

[Business Wire] - The Bank of America Chicago Marathon today announced that the 2014 elite competition will feature five men with personal records of 2:05 or faster, and four women with the pot Read more on this. Bank of America Corporation (BAC), valued at $169.41B, opened this morning at $16.09.   [...]

9/3/14Market Update (NYSE:TWX): Time Warner EVP and CFO Howard Averill to Participate in the Bank of Am... (Jutia Group)

[Business Wire] - Time Warner Inc. today announced that its Executive Vice President and Chief Financial Officer Howard Averill will participate in the Bank of America Merrill Lynch 2014 Read more on this. Time Warner Inc. (TWX), valued at $66.34B, started trading this morning at $77.69.   Shares have traded [...]

8/29/14Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America to Report Third-quarter ... (Jutia Group)

[Business Wire] - Bank of America Corporation today announced it will report its third-quarter 2014 financial results on Wednesday, October 15, 2014. The results are scheduled to be released at 7 a.m. Read more on this. Bank of America Corporation (BAC), with a current market cap of $169.41B, opened at $16.05.   [...]

8/26/14Market Update (NYSE:BAC): Bank of America Merrill Lynch Publishes Report on Latin America Market,... (Jutia Group)

[Business Wire] - The Global Transaction Services business at Bank of America Merrill Lynch has published its annual report on the Latin America market, entitled “Driving Growth in Latin America.” T Read more on this. Bank of America Corporation (BAC), valued at $172.14B, started trading this morning at $16.34.   [...]

8/21/14Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America settles mortgage probe... (Jutia Group)

[Reuters] - Bank of America Corp has reached a $16.65 billion settlement with U.S. The settlement announced on Thursday by the U.S. It is expected to resolve the vast majority of the Charlotte, North Carolina-based bank's remaining liabilities tied to its purchases of Countrywide Financial Corp, once the nation's largest mortgage lender, and Merrill [...]

8/20/14Company Update: Bank of America Corporation (NYSE:BAC) – BofA in $16.5 bln deal with U.S. over ... (Jutia Group)

[Reuters] - Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis, in a deal that could be announced as early as Thursday, a person familiar with the matter said. An agreement [...]

8/20/14Market Update (NASDAQ:CMCSA): Comcast to Participate in Bank of America Merrill Lynch Investor Co... (Jutia Group)

[Business Wire] - On Tuesday, September 16, 2014, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation , will participate in the Bank of America Merril Read more on this. Comcast Corporation (CMCSA), with a current value of $141.41B, opened at $54.31.   Today, shares have traded between [...]

8/13/14Market Update (NYSE:BAC): Bank Of America Sees Some Positives For Yahoo From Alibaba Valuation In... (Jutia Group)

[Benzinga] - In a report published Wednesday, Bank of America analyst Justin Post reiterated a Buy rating and $39.00 price target on Yahoo (NASDAQ: YHOO ). In the report, Bank of America noted, “On Tuesday Alibaba ... Read more on this. Bank of America Corporation (BAC), with a current value of $160.16B, opened [...]

8/7/14Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America may record $2 billion ... (Jutia Group)

[Reuters] - Bank of America Corp may take an additional $2 billion charge in the third quarter related to mortgage securities litigations, brokerage Portales Partners said on Thursday. The bank is close to a deal ... Read more on this. Bank of America Corporation (BAC), with a current market cap of $159.95B, opened [...]

8/6/14Stock Update: Bank of America Corporation (NYSE:BAC) – BofA raises dividend to 5 cents per share (Jutia Group)

[Reuters] - Bank of America Corp said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend increase in seven years. The bank withdrew its previously planned increase ... Read more on this. Bank of America Corporation (BAC), valued at $160.26B, ended trading yesterday [...]

7/31/14Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces Support of 2... (Jutia Group)

[at noodls] - "It's refreshing to see our partners go above and beyond through volunteerism, employment opportunities and other critical initiatives." The Bank of America Charitable Foundation announced today ... Read more on this. Bank of America Corporation (BAC), valued at $161.15B, started trading this morning at $15.44.   Looking [...]

7/30/14Bank of America Corporation (NYSE:BAC) – Bank of America Changes the Game With Preferred Rewards (Jutia Group)

[Business Wire] - Preferred Rewards, a groundbreaking program that recognizes and rewards clients for choosing Bank of America for more of their banking and Merrill Edge for their investment needs, is now available for clients in California, Oregon, Arizona and Idaho. Read more on this. Bank of America Corporation (BAC), with a current [...]

7/29/14Bank of America Corporation (NYSE:BAC) – BofA leaves estimate of possible legal expenses unchanged (Jutia Group)

[Reuters] - Bank of America Corp said on Tuesday it does not expect to have to set aside more than another $5 billion to cover legal expenses, an estimate unchanged from earlier in the year despite a $4 billion addition to its legal reserves in the second quarter. The bank's estimate came in a [...]

7/25/14Market Update: Bank of America Corporation (NYSE:BAC) – Ex-Bank of America trader avoids prison... (Jutia Group)

[Reuters] - A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7 trillion municipal bond market. Brian Zwerner, a former manager of Bank of America's municipal derivatives desk, was sentenced to spend [...]

7/24/14Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America to pay $16.6 mln to reso... (Jutia Group)

[Reuters] - Bank of America Corp's banking unit agreed to pay $16.6 million to resolve allegations that it processed transactions for drug traffickers who are subject to U.S. sanctions, the U.S. Treasury Department ... Read more on this. Bank of America Corporation (BAC), valued at $164.26B, opened this morning at $15.56.   [...]

7/23/14Stock Update (NYSE:BAC): Did Bank Of America Breach Agreement With Tibco Software? (Jutia Group)

[at Seeking Alpha] - Tibco enterprise software (NASDAQ: TIBX ) has alleged that Bank of America (NYSE: BAC ), the second biggest US bank, with an asset base valued at $2.17 trillion, copied $300 million worth of Tibco's enterprise ... Read more on this. Bank of America Corporation (BAC), with a current market [...]

7/21/14Why Higher Interest Rates Will Become a Necessity (Jutia Group)

Let’s start with the U.S. housing market. Has the recovery for it ended or just stalled? My answer comes in one sentence: While it’s always a matter of location, only the high-end housing market is doing well, while the general market is weak. I can see it in the mortgage numbers. People just aren’t taking loans to [...]

7/16/14Stock Update (NYSE:AIG): BofA pays AIG $650 million to settle mortgage disputes (Jutia Group)

[Reuters] - Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis. The deal, which the parties announced early Wednesday, ends securities fraud litigation that the insurer brought against Bank of America. It also removes [...]

7/16/14Market Update (NYSE:BAC): Litigation costs hit Bank of America quarterly profit (Jutia Group)

[Reuters] - Bank of America Corp, the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Analysts on average had expected earnings of 29 cents per share, according Thomson Reuters I/B/E/S. It was not immediately clear if the estimate was comparable to [...]

7/10/14Market Update (NYSE:BAC): Bank of America resubmits request for dividend increase: WSJ (Jutia Group)

[Reuters] - Bank of America declined to comment on the report. The previously planned dividend increase would have been the first for the bank since the financial crisis, and raising it has been a top priority for Chief Executive Brian Moynihan. Prior to the 2008 financial crisis, the bank paid a quarterly dividend of [...]

7/1/14Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Chicago Marathon Honor... (Jutia Group)

[Business Wire] - The Bank of America Chicago Marathon has recognized veteran business leader Jim Jenness as the fourth annual recipient of the Richard M. Daley and Maggie Daley Award. Read more on this. Bank of America Corporation (BAC), valued at $163.10B, began trading this morning at $15.38.   Looking [...]

6/23/14October 18th Options Now Available For Bank of America (BAC) (Jutia Group)

Investors in Bank of America Corp. saw new options become available today, for the October 18th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 117 days until expiration the newly available contracts represent a potential opportunity for [...]

6/16/14Company Update (NYSE:BAC): BofA’s Merrill Lynch fined for mutual fund overcharges (Jutia Group)

[Reuters] - Bank of America Corp's Merrill Lynch unit was fined $8 million and ordered to repay $24.4 million to settle a U.S. regulator's allegations it overcharged thousands of charities and retirement accounts ... Read more on this. Bank of America Corporation (BAC), with a current value of $160.39B, opened at $15.30. [...]

5/27/14Company Update: Bank of America Corporation (NYSE:BAC) – BofA’s investment bank aims to be mo... (Jutia Group)

[Reuters] - Bank of America Corp is looking to diversify its investment banking business by doing more equity underwriting and merger advisory work and by winning more clients outside the United States, a senior executive said on Tuesday. Underwriting debt "has been one of [Bank of America's] great strengths, but clearly the business is [...]

5/27/14Options for Bank of America Investors (Jutia Group)

Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Bank of America . So this week we highlight one interesting put contract, and one interesting call contract, from the July expiration for BAC. The put contract our YieldBoost algorithm identified as particularly interesting, is at [...]

5/21/14Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America to Participate in the Sa... (Jutia Group)

[Business Wire] - Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 30th Annual Strategic Decisions Conference in New York on May 28 at 10 a.m. ET. Read more on this. Bank of America Corporation (BAC), with a current value of $153.69B, started the session at $14.59. [...]

5/19/14Market Update: Bank of America Corporation (NYSE:BAC) – No liability for BofA for allegedly con... (Jutia Group)

[Reuters] - A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a 20-percent one-day plunge in the bank's stock price. The 2nd U.S. Circuit Court of Appeals in New York on Monday [...]

5/19/14Stock Update (NYSE:AIG): No liability for BofA for allegedly concealing $10 bln AIG case (Jutia Group)

[Reuters] - A federal appeals court said Bank of America Corp was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc, whose filing led to a 20-percent one-day plunge in the bank's stock price. The 2nd U.S. Circuit Court of Appeals in New York on Monday [...]

5/13/14Bank of America Corporation (NYSE:BAC) | Spring Bank of America Small Business Owner Report Finds... (Jutia Group)

[Business Wire] - Over half of small business owners in the Greater Washington area are planning for growth, according to the spring 2014 Small Business Owner Report, released today by Bank of America. Read more on this. Bank of America Corporation (BAC), valued at $158.68B, started the session at $15.04.   [...]

5/7/14Why Warren Buffett Isn’t Bothered by BofA “Error” (Gold Stocks Today)

Bank of America is in hot water... again. This time with its shareholders. But as always, there's more to the story. So, in light of today's BofA shareholder meeting, Dave Gonigam examines the events that led up to last week's announcement of a $4 billion shortfall, and why one billionaire investor seems to think it's "no big deal." Read on...


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