Tag Archives: bac
Countrywide II Off to the Races
Updated from 9:58 a.m. Continue reading
Vitter Puts ‘Too Big to Fail’ on the Table
NEW YORK (TheStreet) — Sen. Continue reading
Anti-Coal Activists Dominate Bank of America Investor Meeting
NEW YORK (TheStreet)–Bank of America’s annual shareholder meeting Wednesday was dominated by speeches from anti-coal activists, prompting CEO Brian Moynihan on at least one occasion to ask whether anyone had anything else to discuss. “Anyone have a comment other than climate change?” Moynihan said as the meeting approached the two-hour mark. “Let’s diversify a bit.” Anti-coal activists led by the Rainforest Action Network (RAN) and the Sierra Club sent 30 activists to the meeting in Charlotte, N.C Continue reading
Berkshire Toughens Stance on Derivatives of Mass Destruction
OMAHA (TheStreet) — Warren Buffett and Charlie Munger of Berkshire Hathaway agreed at their Saturday shareholder meeting more needs to be done about the risky and swollen derivatives market in the United States. Continue reading
Bank Stocks Losers on Disappointing Jobs Indicator (Update 1)
Updated from 1:57 p.m. ET with market close information and comment from House Financial Services Committee chairman Jeb Hensarling (R., Texas). NEW YORK (TheStreet) — Several of the nation’s largest banks saw their shares slide on Wednesday, following a disappointing employment report for April Continue reading
Citigroup: Earnings Winner Again
NEW YORK (TheStreet) — Citigroup was again the winner among major banking names on Monday, with shares rising 4% to close at $46.66. The broad indices all bounced back after Monday’s brutal hammering and showing resurgence after the terrible events in Boston. The Bureau of Labor Statistics on Tuesday reported that the Consumer Price Index fell 0.2% in March after increasing 0.7% in February Continue reading
The Long-Term Case for Wells Fargo and U.S. Bancorp (Update 2)
Updated from 11:13 a.m. Continue reading
A Winning Triple-Net REIT for Your Final-Four Bracket
NEW YORK (TheStreet) — This weekend March Madness comes to an end. Although I hated to see my beloved Tar Heels drop out of the Final Four round, I’m excited to see some hoops in Atlanta. Speaking of hoops, I wanted to tell you about a real estate investment trust (REIT) that invests in “nothing but net.” That is, net leased properties that are differentiated from the other REITs because they have long-term contractual leases and the tenants pay for the taxes, insurance and maintenance Continue reading
Bank of America: Ambani Decided Not to Seek Another Term on BofA’s Board
Bank of America Corp. (BAC) director Mukesh D. Continue reading
Regions Financial: Bank Stock Winner Again
NEW YORK (TheStreet) — Regions Financial was the winner among major U.S. financial names on Wednesday, with shares rising 3% to close at $8.22. Continue reading →