NEW YORK, April 27 (Reuters) - Bank of America Corp (BAC.N) onMonday discarded the Countrywide brand in its mortgage operations,a name now sullied by risky home loans, an FBI investigation, andthe high pay of its former chief executive. Countrywide was founded ...Read More
Two of the nation's largest banks said Wednesday that loan losses generally have stopped increasing but that relatively few customers are seeking new loans, reports that are in broad agreement with other indicators showing that the economy remains weak. Bank of ...Read More
NEW YORK -- Morgan Stanley and Bank of America revealed their 2009 compensation on Wednesday, the latest of the major Wall Street firms to disclose closely watched payouts to employees. Morgan Stanley said it had earmarked $14.4 billion for compensation expenses, ...Read More
Stocks fell sharply Wednesday on several weak earnings announcements and concerns that China will pull back on bank lending to avoid overheating its economy. Big banks were among the companies reporting financial results and Wells Fargo announced a surprise quarterly ...Read More
CHARLOTTE/NEW YORK (Reuters) - In a sign that the U.S. banking sector's problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter. Stocks | Bonds | Funds ...Read More
NEW YORK (Dow Jones)--Bank of America Corp.'s (BAC) Global Wealth and Investment Management group, or GWIM, saw a boost in the fourth quarter of 2009, bringing total client assets to $2.17 trillion, up nearly $40 billion from the third quarter. GWIM ...Read More
* FTSEurofirst 300 closes 1.5 percent lower * Financials weak after downbeat results from U.S. peers * Miners fall on China concerns, weaker metals prices LONDON, Jan 20 (Reuters) - European shares slipped on Wednesday from a 15-month closing high as banks fell ...Read More
* FTSE falls 1.7 percent; biggest one-day fall in a month * Miners, oils sag as China clouds demand outlook * Banks down; Bank of America, Morgan Stanley Q4 disappoint LONDON, Jan 20 (Reuters) - Britain's top shares recorded a three-week closing ...Read More
NEW YORK (Dow Jones)--Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) each set aside less money for bad loans in the fourth quarter, signaling improved forecasts for consumers' financial health, even though bad loans at both big ...Read More
CHARLOTTE, N.C. - Bank of America Corp. said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and credit card payments and the bank repaid its government bailout money. Bank of America ...Read More
(Updates with regular session trading, analysts' comments) NEW YORK (Dow Jones)--Bank shares opened mostly higher after quarterly reports from Bank of America Corp. (BAC), Morgan Stanley (MS) and Wells Fargo & Co. (WFC) showed improved bottom-line results but lingering signs of ...Read More
Jan. 20 (Bloomberg) -- Bank of America Corp., the largest U.S. lender, posted a quarterly loss and its first full-year deficit in more than two decades, driven by the cost of repaying U.S. bailout money and defaults on consumer loans. The ...Read More
NEW YORK, Jan 20 (Reuters) - U.S. stocks fell at the open on Wednesday as quarterly results from three large U.S. banks increased uneasiness about the state of financial companies and on reports of bank lending restrictions in China. Stocks | ...Read More
A pair of U.S. banks issued their first earnings reports under new management Wednesday, and while the results pointed in different directions, neither measured up to expectations and the day's trading got off to a mixed start. Bank of America ( ...Read More
NEW YORK-Bank shares were mostly higher premarket after quarterly reports from Bank of America Corp. Morgan Stanley and Wells Fargo & Co. showed improved bottom-line results but lingering signs of credit troubles. The three banks posted improvements over last year, when ...Read More
Bank of America (BAC), continuing a trend set by Citigroup and JPMorgan, is coming in a bit light on earnings: AP: Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to ...Read More
NEW YORK-Stock futures fell Wednesday, pointing to a lower opening, following new signs China might tighten bank lending policies and after Bank of America said it remains cautious about an economic recovery. Bank of America Corp. provided the latest reminder that ...Read More
The company lost 60 cents on a per share basis, missing Wall Street's forecasts. Analysts were expecting a loss of 52 cents a share, according to Thomson Reuters. Bank of America's results were also worse when compared to a year ago. ...Read More
U.S. stock futures slipped Wednesday as Bank of America Corp. (BAC) joined Citigroup Inc. (C) in reporting a big loss amid news of a Chinese clampdown on lending. S&P 500 futures fell 6.8 points to 1138.90 and Nasdaq 100 futures fell ...Read More
U.S. stock futures slipped Wednesday ahead of a series of earnings from the financial sector as well as news of a Chinese clampdown on lending. More than two hours before the start of trading, Dow Jones Industrial Average futures were 38 ...Read More
(Reuters) - Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.38 percent, Dow Jones futures down 0.37 percent and Nasdaq 100 futures down 0.48 percent at 1018 GMT ...Read More
