Volatile Week for Global Equity Markets
Global equity markets, last week, suffered as the euro zone debt crisis escalated. For the first time since the debt crisis began more than two years, core euro zone economies, excluding Germany, came under...
Tagged: BAC
Stocks headed for a Lower Finish on Last Trading Day of the Month
Stocks have remained in red in late trading and are headed for a lower finish on the last trading day of what has been a good month for the U.S. equity market. Stocks are...
Bank of America Reports $6.2 Billion in Q3 Profit (BAC)
Bank of America Corporation (NYSE: BAC), today, reported its third-quarter financial results. The company reported a profit in its third quarter, pushing shares higher at the start of trading today. At last check, Bank...
Fitch Cuts UBS Rating; Seven More Banks Under review
Rating agency Fitch, late on Thursday, cut UBS AG (NYSE: UBS) rating to A from A+. The rating agency also put seven other banks on negative credit watch. Fitch cited challenges in the global...
Stocks Mixed in Late Trading
Stocks have pared some of their early losses and are mixed currently. All three major indexes had slipped earlier today after China reported weak trade data and JP Morgan Chase (NYSE: JPM) reported disappointing...
Stocks Open Higher
Stocks have opened higher in trading today, following some positive developments in the euro zone. Investors’ sentiment was lifted today after European Commissioner Olli Rehn said that European leaders are close to reaching a...
Stocks higher in Early Trading
Stocks are climbing in early trading today following some positive news from the euro zone and better than expected ADP data. European finance ministers have shown willingness to prop up the region’s bank, easing...
Bank of America to Close one of its Mortgage Units (BAC)
Bank of America Corporation (NYSE: BAC) is closing one of its mortgage units as the bank continues to streamline its business. The Charlotte, North Carolina-based bank said that it will stop buying mortgages from...
Buffett Still Eager to Buy Stocks; Backs Bank of America (BRK.B, BAC)
Billionaire investor Warren Buffet is unfazed by the ongoing turmoil in equity market and is still keen on buying stocks. Buffett said on Friday that he is still keen to buy companies and stocks,...
BoA Customers Unhappy With Debit Card Fees
All forms of social media was abuzz on Friday with outraged Bank of America (NYSE:BAC) customers, who are unhappy with the debit card fees introduced by the bank. Many customers have vowed to completely...