By Avi Salzman CLSA analyst Mike Mayo has been wary of Bank of America (BAC) for a couple of weeks now, but he's hitting the sell button hard today, and telling investors to get into Wells Fargo (WFC) instead. This is probably not a novel thought: Bank of America Corporation (NYSE: BAC) has rapidly turned [...]
August 9th, 2011 | Posted in Bac | No Comments
Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International Group, Inc. (NYSE: AIG) for $10 billion for its massive mortgage fraud is just the most recent Yahoo! Inc (NASDAQ:YHOO) is down 0.09% to $1.74. Todd Papaioannou, the VP and chief cloud architect of the Company [...]
August 8th, 2011 | Posted in Bac | No Comments
SPDR S&P 500 ETF (NYSE:SPY) moved up +0.36% to $120.71 with the total traded volume of 508.47 million shares beating the average volume of 225.59 million. Its shares were trading within the range of $116.86-$122.07 while Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International [...]
August 8th, 2011 | Posted in Bac | No Comments
Bank of America (BAC, Fortune 500) fell 10% while shares of AIG (AIG, Fortune 500) were down more than 5.5% in Monday trading. Bank of America has already lost more than 45% of its value this year, while AIG has tumbled more than 59%. The Brikama Area Council (BAC) yesterday convened a two-day consultation and [...]
August 8th, 2011 | Posted in Bac | No Comments
BAC BV, the leading provider of antibody-based affinity purification technology, has announced a strategic collaboration with Life Technologies, the global manufacturer of molecular diagnostic and research-use products, to bring the One of the more extreme stocks fitting this mold is Bank of America (BAC). Like many of the financial stocks, it's a red-headed step child [...]
July 5th, 2011 | Posted in Bac | No Comments
On Monday, Bloomberg reported that Bank of America Corporation (BAC – Analyst Report) would sell a part of its holdings in China Construction Bank (CCB) later this year, in order to strengthen its capital. However, the company will continue to be a And BAC's cozy relationship with the Treasury Dept. and Team Obama makes me [...]
June 22nd, 2011 | Posted in Bac | No Comments
As first reported in The Oregonian, Bank of America apologized to customers who received the letters, which would have come from BAC Tax Services Corp, part of the bank's home loan division. "These letters went only to customers who pay their property The BAC Mono single-seat, road-legal (in Europe), high-performance sports car will make its [...]
June 16th, 2011 | Posted in Bac | No Comments