The Securities and Exchange Commission has reportedly made a compromise with Bank of America Corp (NYSE:BAC) in connection with the mortgage-related cases brought against it after the financial crisis in 2008.
Bank of America Corp. shares fell nearly 1 percent in extended-hours trading Thursday after the company lowered its third-quarter profit by $400 million as part of a revision, citing legal expenses related to its foreign exchange business.
Option bears have targeted Bank of America Corp in recent months, as evidenced by the stock's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.28, which ...
Staunton's Bank of America at 1 West Frederick Street November 19, 2014. The Bank of America branhes in Staunton and Waynesboro have been sold to First National Corporation out of Strasburg, Virginia. (Photo: Randall K. Wolf/The News Leader).
The reasoning behind consumers' dislike of Bank of America springs from the numerous lawsuits brought against the company for its mortgage and loan practices prior to and during the Great Recession. The fines and lawsuits Bank of America continues to ...
The U.S. Securities and Exchange Commission has resolved an impasse over punishing Bank of America Corp. in a mortgage case, clearing the way for the Charlotte lender to complete a $16.7 billion global settlement, people familiar with the matter said.
On CNBC's Fast Money, Tim Seymour said that he would buy Bank of America Corp (NYSE: BAC) because it has a good valuation, earnings leverage and because banks are underperforming the move higher by the rest of the market.