Bank of America Corp (NYSE:BAC), Sprint Corporation (NYSE:S), and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) are among the top three stocks traded over the week with highest trade volume. Both Bank of America Corp (NYSE:BAC) and Sprint Corporation (NYSE:S) are trading above their average price. Bank of America Corp (NYSE:BAC) was the most traded share…
Bank of America Corp (BAC) Devise New Investment Product to Benefit from Alibaba IPO
Alibaba Group Holding Ltd’s IPO is the biggest initial public offering in the U.S. with an evaluation of at least $160 billion. Bank of America Corp (NYSE:BAC) is among one of the few large banks who are not a part of this deal; however, Bank of America Corp (NYSE:BAC) has devised a secondary financial product…
Bank of America Corp (BAC) Transforming into a Bullish Options Trade
Goldman Sachs Group Inc (NYSE:GS) upgraded the stock rating of Bank of America Corp (NYSE:BAC) on Monday to “Buy” against the previous “Neutral” rating. It makes one of the most interesting transformations of the stock market post the financial crisis. The shares of Bank of America Corp (NYSE:BAC) witnessed an upward rally after the announcement…
Cramer Supports Bank of America Corp (BAC)’s Upgrade by Goldman Sachs Group Inc (GS)
Jim Cramer supported Goldman Sachs Group Inc (NYSE:GS)’s decision to upgrade the rating of Bank of America Corp (NYSE:BAC) in his CNBC show. Cramer agreed with Goldman Sachs’s assessment that the bank is finally over with its problems and it can certainly focus on its business. In his show, “Squawk on the Street”, Cramer said,…
Goldman Sachs Group Inc (GS) Ahead of Bank of America Corp (BAC) and Citigroup Inc (C) at Legal Fronts
Goldman Sachs Group Inc (NYSE:GS) is having an excellent year in terms of its legal battle wins. With other financial crisis accusers including Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) paying $16 billion and $7 billion in settlements, Goldman Sachs Group Inc (NYSE:GS) settled its lawsuits for $1.2 billion. Goldman Sachs Group Inc…
Bank of America Corp (BAC) Starts with Preferred Offerings Worth $3 Billion
After agreeing to pay penalties worth $16.7 billion for faulty mortgage practices, Bank of America Corp (NYSE:BAC) has started its efforts to put up the money with $3 billion worth of preferred offerings to the investors. Bank of America Corp (NYSE:BAC) offered perpetual shares worth $2 billion with a minimum repurchase period limit of 10…
America Movil (AMX) Might Sell Phone Assets to AT&T Inc. (T): Bank of America Corp (BAC) Has Been Hired for The Transaction
Confidential sources indicate that America Movil SAB de CV (ADR) (NYSE:AMX), a telecommunications company owned by business magnate Carlos Slim, has contracted Bank of America Corp (NYSE:BAC) to oversee and conduct sales of its phone assets. AT&T Inc. (NYSE:T) is one of the potential buyers. Bloomerg.com revealed that the sale is part of a bigger…
Bank of America Corp (BAC), Petroleo Brasileiro Petrobras SA (ADR) (PBR), and Twitter Inc (TWTR): Most Active Stocks Of The Week
As per the NYSE Most Active Stocks database of Wall Street Journal, Bank of America Corp (NYSE:BAC), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), and Twitter Inc (NYSE:TWTR) were the most active stocks of the last week. Each of these stocks was traded in large volumes because of one or the other reasons. Bank of America…
American International Group Inc (AIG), Bank of America Corp (BAC), and Sears Holdings Corp (SHLD) Among the Top Three Holdings of Fairholme (Fairx) Fund
According to the latest 13F SEC filing of Bruce Berkowitz’s fund, Fairholme (Fairx), American International Group Inc (NYSE:AIG), Bank of America Corp (NYSE:BAC), and Sears Holdings Corp (NASDAQ:SHLD) are the top three share holdings of the company. The fund has a 13F portfolio of $9.9 billion with 1% increase in the quarter. (You can see complete list…
Cramer’s Overview on Bank of America Corp (BAC)
After years of fighting law-suits in court with Department of Justice, Bank of America Corp (NYSE:BAC) finally got rid of its long-standing burden by agreeing to pay almost $17 billion to federal authorities. The exact figure being $16.65 billion, it is the largest amount to be paid towards settlement of dispute by any single organization.…