Bank of America Corp (NYSE:BAC) disappointed Wall Street with a 14 percent decline on fourth quarter results, reporting a quarterly earnings of $2.74 billion, at 25 cents per share applicable to common shareholders, on revenue of $19 billion after tax adjustments. Analysts on average expected earnings at 32 cents a share, while earnings on the…
Bank of America Corp (BAC), Citigroup Inc (C) Prepares for Fourth Quarter Decline in Trading Revenue
Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) have predicted a decline in trading revenue for the fourth quarter, as per presentations from the two firms’ CEOs in an investor conference in New York on Tuesday. Bank of America Corp (NYSE:BAC) CEO Brian Moynihan had told investors at the said conference to expect lower…
Cramer’s Favorite Financial Picks: Federal Realty Investment Trust (FRT), Bank of America Corp (BAC), Visa Inc (V)
Federal Realty Investment Trust (NYSE:FRT), Bank of America Corp (NYSE:BAC), Visa Inc (NYSE:V) are among the top financial stock picks of Jim Cramer and he has mentioned each of these stocks at least thrice in the last 30 days. Cramer mentioned Federal Realty Investment Trust (NYSE:FRT) in his lighting round of Mad Money. He has…
Bank of America Corp (BAC)’s Waiver Appraised By SEC Member, Calls It “Breakthrough”
The regulatory waiver given to the largest bank of the U.S., Bank of America Corp (NYSE:BAC), has been praised by another Securities and Exchange Commission member who called it a “breakthrough” in commission’s methods to handle waivers. Earlier last month, SEC announced short-term regulatory waiver for the bank allowing it to sell shares in its…
Hewlett-Packard Company (HPQ), Bank of America Corp (BAC), Royal Dutch Shell plc (ADR) (RDS): Top 3 Holdings of Pzena Investment Management LLC
Pzena Investment Management LLC is a value-oriented investment manager that manages assets for a wide range of clients. The firm’s clients include institutions, high net worth individuals, and select third part mutual funds. Pzena Investment Management LLC submitted its SEC 13F filings for the quarter ended September 30, 2014, showing that its top three holdings…
Bank of America Corp (BAC), Morphosys Ag (ADR) (MPSYY), Johnson & Johnson (JNJ): Top 3 Stock Investments of GEDULD E E
GEDULD E E has current investment portfolio of $141 million as per its recent SEC 13F filing on October 30 with Bank of America Corp (NYSE:BAC), Morphosys Ag (ADR) (OTCMKTS:MPSYY), Johnson & Johnson (NYSE:JNJ) as its primary stock holdings. GEDULD E E has its primary investments in finance and healthcare industry. Bank of America Corp…
Bank of America Corp (BAC) Secures Oil Financing Deal with Philadelphia Energy Solutions
Bank of America Corp (NYSE:BAC) has replaced America’s biggest bank, J.P. Morgan in a major oil financing deal with Philadelphia Energy Solutions. The bank will provide working capital and inventory financing to the refinery. However, the Bank of America Corp (NYSE:BAC) deal won’t include all the things that were in the J.P. Morgan deal as…
Apple Inc. (AAPL), Bank of America Corp (BAC), Johnson & Johnson (JNJ): Top 3 Stock Holdings of Needelman Asset Management Inc
Chet Needelman founded the Needelman Asset Management Inc in 2002 and it has a current portfolio value of $31.18 million, according to their recent SEC 13F filing. Healthcare and finance are the major investment areas of the fund and its primary stock holdings include Apple Inc. (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), Johnson & Johnson…
Bank of America Corp (BAC), Bancorp Inc (TBBK), NewStar Financial Inc (NEWS) Among Top 3 Investments of Second Curve Capital
A long-term financial expert, Tom Brown, manages Second Curve Capital with a current portfolio value of $333 million and the fund primarily focuses over the finance sector, as per the recent SEC 13F filing. Second Curve Capital has 86.3% investments in finance, although it reported loss of 19.06% in the last four quarters. NewStar Financial…
Bank of America Corp (BAC) Focuses on Slimmer Consumer Strategy, Eliminates $6 Billion Under Risky Revenues
Bank of America Corp (NYSE:BAC) is ready to phase out $6 billion in revenue by eliminating risky banking products and some product-associated fees. The bank is likely to focus on its existing customers to increase revenue. Earlier, Bank of America Corp (NYSE:BAC) used to make up to $3 billion in product-associated fees including debit-card purchases…