Bank of America Corp news

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Bank Of America Is Not A Solid Investment For New Money, And Litigations ...
For the first quarter of 2013, BofA reported net income of $1.5 billion. The results for the first quarter include $6 billion in litigation expenses related to a major settlement the Federal Housing Finance Agency (FHFA) over legacy securities claims ...
Stocks to Watch: Abbott Labs, Bank of America, Yahoo
Among the companies with shares expected to actively trade in Wednesday's session are Abbott Laboratories, Bank of America Corp. and Yahoo Inc. Abbott Laboratories said its first-quarter earnings fell 31% as the health-care products company reported ...
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Exclusive: Bank of America in talks with US on probe of Merrill - sources
WASHINGTON (Reuters) - Bank of America Corp (BAC.N) has held talks with the U.S. Justice Department to resolve a civil fraud probe into Merrill Lynch's sale of flawed mortgage securities ahead of the financial crisis, people familiar with the ...
Bank of America posts quarterly loss on $6 billion in costs tied to bad mortgages
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes.
Bank of America Posts Loss, Hurt by Legal Charges
STUNG BY LEGAL EXPENSES: BofA's results were lowered by $6 billion, or 40 cents a share, in legal charges, with $3.6 billion of that amount from a previously announced settlement with the Federal Housing Finance Agency, and $2.4 billion from an ...
Bank Of America's Results Encouraging, Sell-Off Overdone
Bank of America (BAC) reported earnings this morning and the greeting from investors has been quite rude. Shares are trading down nearly three percent as of this writing and in this piece, I intend to explain why I think that reaction is overdone and ...
Fitch: Litigation Charges Mar Bank of America's 1Q'14 Results  MarketWatch
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Litigation Expenses Take A Toll, But Bank of America's 1QFY14 Results Beat ...
Bank of America Corp (BAC) has announced its financial results for the first quarter of its 2014 fiscal year (1QFY14; ended March 31, 2014).
BofA Paying $772M Over Selling Credit Card Extras
Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't ...
Bank of America to pay $772 million for illegal credit card practices  Los Angeles Times
BofA agrees to $783 million settlement in consumer credit card dispute  Charlotte Observer
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Bank of America swings to $514 million loss as mortgage-related legal woes ...
The Charlotte-based bank's results declined from a first-quarter profit for common shareholders of more than $1.1 billion in the same period a year ago.
UPDATE 4-BofA reports first quarterly loss since 2011 on lofty legal bill
April 16 (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.