Bank of America Corp news

   Watch this stock
Showing stories 1 - 10 of about 193   

Articles published

BAC 16.18 +0.06 (0.34%)
price chart
BofA reports first quarterly loss since 2011 on lofty legal bill
7:49am EDT. (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No.
BofA Slides After Posting Loss Tied to Mortgage Accords  Bloomberg
Bank Of America About To Rise Like A Phoenix  Seeking Alpha
Related articles »  
Bank of America's mortgage crisis costs become a recurring problem
(Reuters) - Bank of America Corp's (BAC.N) mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time ...
BofA's stock swing following results explained: Pro
The latest earnings report from Bank of America is the new definition of the word "noisy." That's how one leading analyst described the numbers, which seemed open to wide interpretation because of billions of dollars in litigation charges.
Is Our Bank Of America Stock Price Headed Back To Single Digits?
�Faulty mortgages: Bank of America had to pay $950 million in a claim settlement after their mortgage division, Countrywide Financial Corporation, combined toxic mortgages into securities. This negatively impacted the Financial Guaranty Insurance ...
Bank Of America: More Likely To Hit $25 Than $10
After Citigroup (C) presented solid Q1 2014 earnings and surprised analysts with an earnings beat on April 14, 2014, Bank of America (BAC) released quarterly results Wednesday. High litigation costs unsettled investors, and shares of Bank of America ...
Earnings Comments On Bank Of America
"Under Mr. Moynihan, BofA has focused on putting its large legal settlements behind it as it tries to remover litigation uncertainty for investors," writes Camilla Hall in the Financial Times.
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
When Bank of America and Justice Department officials met in March, the government's lead negotiator, Associate Attorney General Tony West, suggested a settlement figure that was billions of dollars above the $2.4 billion in legal charges the company ...
Bank of America Corp: Someone From This Fraud Machine Needs To Go To Jail
The Consumer Financial Protection Bureau (CFPB) and the Office of Comptroller of the Currency (OCC) slammed one of the nation's biggest banks: Bank of America Corp (NYSE:BAC). It turns out BofA, like several other financial giants, is a billion-dollar ...
Bank of America shares drop on Q1 loss
Bank of America swung to a $276 million first-quarter loss Wednesday as revenue declined while the bank continued to grapple with legal costs stemming from the financial crisis.
Mortgage-related legal costs sock BofA with $276-million loss
The results included $6 billion in litigation expense, much of it related to toxic bonds backed by housing-boom mortgages from Countrywide Financial Corp., the aggressive Calabasas lender that nearly collapsed before being acquired by Bank of America ...