Bank of America Corporation

Breaking News about Bank of America Corporation:

Why Higher Interest Rates Will Become a Necessity

Jul 21 2014 8:55am CDT | Source: Profit Confidential

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 buy homes in the U.S. economy. In fact, mortgage applications are tumbling. In the second quarter of 2014, Bank o ...
Full article at: Profit Confidential
 

 

Is Bank Of America The Best Banking Pick?

Jul 16 2014 8:18pm CDT | Source: SeekingAlpha

By Bilal Liaqat: Bank of America Corporation's Earnings Decline 43% on Legal Costs Bank of America Corporation (NYSE:BAC) said on Wednesday that its Q2 profit plunged 43 percent, dragged down by a large legal expense that overshadowed some otherwise positive expected results.The bank reported profit of $2.04 billion, or 19 cents per share, on revenue of $22 billion in second-quarter. Wall Street analysts had expected profit around ...
Full article at: SeekingAlpha
 

 

Bank of America's (BAC) CEO Brian Moynihan on Q2 2014 Results - Earnings Call Transcript

Jul 16 2014 7:00pm CDT | Source: SeekingAlpha

Bank of America Corporation (NYSE:BAC) Q2 2014 Earnings Conference Call July 16, 2014 8:30 AM ET Executives Lee McEntire – IR Brian Moynihan – President and CEO Bruce Thompson – CFO Analysts Betsy Graseck – Morgan Stanley Jim Mitchell – Buckingham Research Matt O’Connor – Deutsche Bank Glenn Schorr – ISI Research Jonathan McDonald – Sanford Bernstein Guy Moszkowski – Autonomous Research Moshe Orenbuch – Credit Suisse Steven Chubak – Nomura Securities Pa ...
Full article at: SeekingAlpha
 

 

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Bank Of America Corporation: Default Probabilities And Relative Value Update

Jun 11 2014 7:20pm CDT | Source: SeekingAlpha

By Donald van Deventer:Bank of America Corporation (BAC) was the most heavily traded corporate name in the U.S. fixed rate bond market on June 10. Bank of America Corporation was the only non-sovereign reference name in the top 20 reference names by trading volume in the credit default swap market last week as well. We last analyzed default risk at Bank of America Corporation on March 7, 2014. In a July 8, 2013 post, we also reported on a ...
Full article at: SeekingAlpha
 

 


 

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