bank of america

Bank of America (NYSE:BAC) on U.S. Dollar, Euro

Bank of America Corp.’s (NYSE:BAC) head of Americas G- 10 currency strategy at Bank of America Corp. in New York, Paresh Upadhyaya, commented on the relationship of the U.S. dollar and the euro after the U.S. payrolls report, which was considered disappointing. Upadhyaya said, “Overall, the tone for the dollar should be stronger as most of the data has been coming in on the stronger side and

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Social Network Linkedln to Go Public in 2011

Filed in bank of america, jp morgan, morgan-stanley, New Gold, o, revenue by on January 6, 2011 0 Comments
Social Network Linkedln to Go Public in 2011

Filed under: Deals , Management , Internet , Entrepreneurs Sources close to the social network Linkedln say it is planning to go public, as reported in Reuters . It has filed statements with the Securities and Exchange Commission. Owner Jeff Weiner told Reuters that he has selected Morgan Stanley ( MS ), Bank of America ( BAC ) and JP Morgan ( JPM ) as book runners. Book runners take the original stock offering and then resell it to retail clients. Linkedln is a fast growing social networking site with 85 million viewers. Financial information is not available. Company revenues come from advertising. A source close to the company values it at about $2.2 billion. Continue reading Social Network Linkedln to Go Public in 2011 Social Network Linkedln to Go Public in 2011 originally appeared on BloggingStocks on Thu, 06 Jan 2011 14:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Market Wrap-Up for Jan.3 (GS, MS, BAC, CLF, X, CNX, more)

I hope everyone had a great New Year’s weekend as we got back to business on this Monday. We got right to it this morning as we added eight new dividend plays to our Best Dividend Stocks List . Be sure to check out the post if you did not read the e-mail alert we sent out earlier today. We spent a lot of time this weekend enhancing our own database so we can continue to find the best dividend-paying stocks for investors to consider putting on their radar through our weekend premium watchlists as well as our recommended list. I’m also hoping everyone out there is coming into 2011 with a plan to build that long-term wealth we are always harping on. There are many obstacles out there as we all get older and approach our retirement years. It’s time to get your financial house in order and get control over your personal finances. If you haven’t done so, please check out the premium “Learn to Be Rich” section, which has tons of ideas on how you can save more money, which can then be put to work in your investment portfolio. The site is loaded with tons of tools for everyone to ensure they can build a portfolio that can generate substantial dividend income. Compound interest is the key to a huge nest egg, and there is no better way to do so than through dividend-paying stocks. Last week I mentioned personal finance guru Suze Orman was talking positively about dividend income as a key source for investors to make up for the minimal returns offered through banks. Check out the video link of Suze going into detail on dividend-paying stocks and ETFs. Getting back to the markets, it was a great start today for financials as Goldman Sachs ( GS ), Morgan Stanley ( MS ), and Bank of America ( BAC ) lead the charge. Also charging out of the gates in 2011 are commodity plays, led by Consol Energy ( CNX ), Cliffs Natural Resources ( CLF ), and U.S. Steel ( X ). We look forward to another solid year of returns for dividend-paying stocks, so be sure to follow us on our daily mission to find the best names to consider when you are looking to put money to work. Thanks for reading and I’ll see you tomorrow! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Bank of America Shares Rise on $2 Billion Home Loan Settlement (BAC)

Banking giant Bank of America Corporation ( BAC ) on Monday announced it will take a nearly $2 billion charge in the fourth quarter related to a home loan buyback settlement. The residential mortgage loans in question were sold to Fannie Mae and Freddie Mac, and were tied to Countrywide Financial Corp. BAC bought Countrywide back in 2008 amid the financial meltdown. The company also said it expects to take a $3 billion loan loss provision in the fourth quarter to protect against future home loan repurchases. CEO Brian Moynihan said “These actions resolve substantial legacy issues in the best interest of our shareholders. Our goals remain the same: put these issues behind us; focus on serving customers and clients; and continue to help distressed homeowners facing difficult times.” Bank of America shares rose 52 cents, or +3.9%, in premarket trading Monday. The Bottom Line Shares of Bank of America ( BAC ) have a .30% dividend yield, based on Friday’s closing stock price of $13.34. The stock has technical support in the $11-$12 price area. If the shares can firm up, we see overhead resistance around the $15-$16 price levels. Bank of America Corporation ( BAC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a

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Bank of America’s (NYSE:BAC) Lehman Order Amended by Judge

In an amendment of a Bank of America (NYSE:BAC) order to pay $590 million to Lehman Brothers, from U.S. Bankruptcy Judge James Peck, he said the judgement he made now isn’t final. Peck said “the judgment is hereby deemed not to be a final judgment.” The $590 million judgement was to pay compensation for deposits taken by Bank of America. Peck said the taking of the $500 million in deposits

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Bank of America (NYSE:BAC) On Morgan Stanley (NYSE:MS) JPMorgan (NYSE:JPM), Goldman (NYSE:GS) and Citigroup (NYSE:C)

With most bank earnings falling over the last month, Bank of America (NYSE:BAC) has revised some of their EPS estimates for financial institutions for the fourth quarter, including bank majors Morgan Stanley (NYSE:MS), JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C).Out of those banks listed above, only Morgan Stanley had their EPS estimate upwardly revised by Bank of America,

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Bank of America (NYSE:BAC), Deutsche Bank (NSYE:DB) Assets Seized in Italy

Assets of Bank of America (NYSE:BAC) and Deutsche Bank (NSYE:DB) have been seized in Italy in an investigation focusing Italian derivatives.The derivative probe entails six banks and included a seizure of about $29 million overall, with Bank of America having the most assets seized, amounting to 15 million euros.Also being investigated are UBS AG (NYSE:UBS), Banca Monte Paschi di Siena SpA,

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Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan (NYSE:JPM), Goldman (NYSE:GS), Wells (NYSE:WFC) Getting Mortgage Securitization Scrutiny from…

Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC), among others, are receiving new attention from the Securities and Exchange Commission over mortgage foreclosures, specifically in the area of the early part of mortgage securitization. The banks received subpoenas recently in regard to the new investigation. Information being

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Bank of America (NYSE:BAC) Sued by Arizona

Filed in bank of america, o, silver by on December 17, 2010 0 Comments

Bank of America (NYSE:BAC) has been sued by the state of Arizona, with allegations they steadily misled customers about their home loan modification process. Arizona Attorney General Terry Goddard filed the lawsuit on Friday, saying Bank of America violated the state’s consumer fraud act. The lawsuit also seeks $25,000 for alleged violations concerning a consent judgment concerning its loan

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DuPont’s Price Target Boosted at Bank of America/Merrill Lynch (DD)

Filed in bank of america, dividend, EPS, Gold Investment, o, shares, target by on December 10, 2010 0 Comments

Chemicals and agricultural products maker DuPont ( DD ) on Friday saw its price target raised by analysts at Bank of America/Merrill Lynch. The firm said it boosted its price target for DD from $54 to $56, which implies a 16% upside to the stock’s Thursday closing price of $48.32. Bank of America/Merrill Lynch also noted its expects 12% EPS growth through 2015, citing lower costs and a more favorable tax rate. The analyst also maintained its “Buy” rating on DD. DuPont shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Dupont ( DD ) have a 3.39% dividend yield, based on last night’s closing stock price of $48.32. The stock has technical support in the $44 price area. If the shares can firm up, we see overhead resistance around the $52-$53 price levels. DuPont ( DD ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Starwood Hotels’ Price target Boosted at Bank of America/Merrill Lynch (HOT)

Filed in bank of america, dividend, Gold Investment, o, shares, target by on December 7, 2010 0 Comments

Hotel operator Starwood Hotels & Resorts Worldwide, Inc ( HOT ) on Tuesday saw its price target boosted by analysts at Bank of America/Merrill Lynch. The firm said it raised its target for HOT from $62 to to $70, which implies a nearly 17% upside to the stock’s Monday closing price of $60.68. The analyst also maintained its “Buy” rating on the stock, noting the company is its top lodging pick for 2011 due to a strong macro hotel cycle. Starwood Hotels shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Starwood Hotels ( HOT ) have a .50% dividend yield, based on last night’s closing stock price of $60.08. The stock has technical support in the $55 price area. If the shares can firm up, we see overhead resistance around the $65 price level. Starwood Hotels & Resorts Worldwide, Inc ( HOT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Weight Watchers Upgraded to “Buy” at Bank of America/Merrill Lynch (WTW)

Filed in bank of america, dividend, Gold Investing, o, shares, target, upgrade by on December 7, 2010 0 Comments

Weight management specialist Weight Watchers International, Inc. ( WTW ) on Tuesday saw its rating and price target boosted by analysts at Bank of America/Merrill Lynch. The firm said it upgraded WTW to “Buy” all the way up from “Underperform,” citing the company’s revitalized business plan, higher margins, and low valuation. The analyst also raised its price target from $34, to $38, which implies a 7% upside to the stock’s Monday closing price of $35.52. Weight Watchers shares rose 85 cents, or +2.4%, in premarket trading Tuesday. The Bottom Line Shares of Weight Watchers ( WTW ) have a 1.97% dividend yield, based on last night’s closing stock price of $35.52. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $40 price level. Weight Watchers International, Inc. ( WTW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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