Recent Commentaries tagged (bac)
Goldman Sets to Acquire Dwight - Analyst Blog
Yesterday, Goldman Sachs Asset Management (GSAM), a wing of The Goldman Sachs Group Inc. (GS), announced its plan to purchase Vermont-based Dwight Asset Management Company from Old Mutual Asset Management (OMAM). OMAM is a part of London-based savings group, Old Mutual. The terms of the deal we...
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Tags: analyst-blog | bac | gs | jpm
Key Stock Trading Analysis
The markets are hovering slightly lower on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.58, -0.21 (-0.16%). While the markets remain overbought, the free money policy of the Federal Reserve and light volume propping has created the best start in 25 years in the market. ...
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Tags: spy | bac | aapl | smh | stocks
Class-Action Suit Against BofA - Analyst Blog
Yesterday, the federal judge in Manhattan ordered Bank of America Corporation (BAC) to deal with a shareholders' class-action lawsuit. The lawsuit accused BofA along with some of its senior managers and directors of misleading investors about the takeover of Merrill Lynch & Co. as well as the amo...
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Tags: analyst-blog | bac | c | gs | hbc | jpm | mtb | stocks
JPMorgan to Return Overdraft Fees - Analyst Blog
The U.S. District Court of Southern Florida (Miami) has asked JPMorgan Chase & Co. (JPM) to pay $110 million to settle a class lawsuit related to the charging of inappropriate overdraft fees to its customers. The court held the company responsible for manipulating transaction entries to generate...
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Tags: analyst-blog | bac | cbsh | jpm | wfc | zion
Stock Market News for February 6, 2012 -...
Investors were greeted with news of strongest jobs growth in nine months before the opening bell on Friday and it was expected that markets would register substantial gains. By the close of the trading session, markets not only soared higher, but the benchmarks also touched multi-year highs. Sign...
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Tags: market-news | bac | cat | hd | ibm | mcd | trv | stocks
AngioDynamics to Buy Navilyst - Analyst Blog
In a bid to bolster its vascular business, therapeutic and diagnostic devices maker AngioDynamics (ANGO) has agreed to buy Massachusetts-based privately held Navilyst Medical in a cash and stock deal. Navilyst Medical, which focuses in the vascular access, interventional radiology and interventio...
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Tags: analyst-blog | ango | bac | bcr | bcs | bsx | jpm | stocks
Equity Residential Reports in Line - Analyst...
Equity Residential (EQR), a leading real estate investment trust (REIT), reported fiscal 2011 fourth quarter funds from operations (FFO) of $201.4 million or 64 cents per share, compared to $136.4 million or 45 cents per share in the year-ago quarter. Fund from operations, a widely used metric t...
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Tags: analyst-blog | bac | bcs | eqr
Financial Stocks Hold All The Cards
The leading financial stocks have been rallying higher since late November 2011. Many traders have discovered that J.P. Morgan Chase & Co (NYSE:JPM) seems to be the most important financial stock in the market at this time. This stock remains very strong on the daily chart. JPM stock is trading a...
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Tags: jpm | gs | bac | c | ms | xlf | stocks
Stock Market News for February 2, 2012 -...
Domestic as well as global economic data buoyed investor sentiment on Wednesday. The mood brightened further after Greece moving closer to striking a crucial deal with its private creditors. Markets were thus able to carry forward the positive momentum from January, which saw the benchmarks posti...
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Tags: stocks | bac | brcm | c | chkp | cien | csco | gs | jnpr | ms | stx | wfc
Stock Market News for February 1, 2012 -...
Disappointing consumer confidence data pulled the benchmarks down from the day's highs during late trading, leading to a marginal fall decline for the markets on the last day of the month. However, this was still the best January the markets have enjoyed since 1997. The Street's gains were driven...
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Tags: stocks | aapl | bac | bzh | gs | kbh | len | ms | pfe | phm | rsh | tol | xom
Bank of America Corp. (BAC) - Bear of the Day
Bank of America Corp.'s (BAC) fourth-quarter earnings came in substantially lower than the Zacks Consensus Estimate. The sale of non-core assets and accounting gains made it possible for the company to remain profitable during the quarter. However, excluding nonrecurring items, the company would ...
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Tags: bear-of-the-day | bac | stocks
BofA Hires Small Business Bankers - Analyst Blog
Yesterday, Bank of America Corporation (BAC) declared the hiring of 51 small business bankers in England, including 32 in Massachusetts, 14 in Connecticut and the remaining in Rhode Island to offer guidance and counsel to local small business owners. This hiring is a part of BofA's previously ann...
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Tags: analyst-blog | bac | jpm | wfc | stocks
U. S. Bancorp on Acquisition Spree - Analyst...
U.S.Bancorp (USB) is on an acquisition spree. In an effort to expand its trust business, the company's lead bank, U.S. Bank National Association, has agreed to acquire the Indiana corporate trust business of UMB Bank, a subsidiary of UMB Financial Corporation (UMBF). The deal is expected to be ac...
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Tags: analyst-blog | bac | umbf | usb | stocks
Stock Market News for January 31, 2012 -...
Apprehension about the European debt situation dragged the markets down through the day, before benchmarks staged a comeback and recouped most of the losses to close the day marginally lower. A late rally by telecom and technology shares helped the benchmarks erase most of its losses, but the fin...
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Tags: stocks | aapl | axp | bac | gs | ibm | ms | msft | orcl | pcs | t | vz | wfc
Ameriprise Remains on the Sidelines -...
We are maintaining our long-term Neutral recommendation on Ameriprise Financial Inc. (AMP) after reviewing the company's third-quarter 2011 results, which were significantly below the Zacks Consensus Estimate. The company reported improved net revenues, which were more than offset by higher opera...
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Tags: analyst-blog | amp | bac | stocks
