News Topic - Bank of America
Articles 51 - 60 of most recent articles
Bank of America Profit Shrinks, Beats Wall Street
Bank of America says its second-quarter profit fell 41 percent, as the credit crisis continues. But the Charlotte bank easily beat Wall Street estimates, and shares are up sharply in trading today.
WSPA - News Channel 7 – Jul 21, 2008 3:19 PM [GMT] ¦ comment?
found in Local: South Carolina: Greenville
Bank of America says its second-quarter profit fell 41 percent, as the credit crisis continues. But the Charlotte bank easily beat Wall Street estimates, and shares are up sharply in trading today.
WSPA - News Channel 7 – Jul 21, 2008 3:19 PM [GMT] ¦ comment?
found in Local: South Carolina: Greenville
Bank of America 2nd Quarter profit shrinks, beats Wall Street
CHARLOTTE, N.C. (AP) - Bank of America says its second-quarter profit fell 41 percent, as the credit crisis continues.But the Charlotte bank easily beat Wall Street estimates, and shares are up sharply in trading today.The nation's second-largest bank by assets says it earned 3.4 billion dollars, or 72 cents per share, in the April-June period. In had earned nearly 5.8 billion dollars, or $1.28 per share, in the same period last year.Chief Executive Ken Lewis says he doesn't think the economy is slipping into a prolonged recession.
WNCT.com – Jul 21, 2008 3:16 PM [GMT] ¦ comment?
found in Local: North Carolina: Greenville-New Bern-Washington
CHARLOTTE, N.C. (AP) - Bank of America says its second-quarter profit fell 41 percent, as the credit crisis continues.But the Charlotte bank easily beat Wall Street estimates, and shares are up sharply in trading today.The nation's second-largest bank by assets says it earned 3.4 billion dollars, or 72 cents per share, in the April-June period. In had earned nearly 5.8 billion dollars, or $1.28 per share, in the same period last year.Chief Executive Ken Lewis says he doesn't think the economy is slipping into a prolonged recession.
WNCT.com – Jul 21, 2008 3:16 PM [GMT] ¦ comment?
found in Local: North Carolina: Greenville-New Bern-Washington
Stocks Hold to Modest Gains
Encouraging earnings data from Bank of America and merger news from Genentech and Roche are helpign to keep stocks positive.
TheStreet.com – Jul 21, 2008 3:10 PM [GMT] ¦ comment?
found in Business: Investing
Encouraging earnings data from Bank of America and merger news from Genentech and Roche are helpign to keep stocks positive.
TheStreet.com – Jul 21, 2008 3:10 PM [GMT] ¦ comment?
found in Business: Investing
BofA's Ken Lewis affirms dividend policy
NEW YORK (MarketWatch) -- Bank of America's Chairman and Chief Executive Ken Lewis Monday reaffirmed his commitment not to cut dividends, after the bank reported better-than-expected second-quarter earnings. Lewis said in a conference call with analysts that while "it's hard to be unequivocal on anything," the fact that the bank is poised to post the most profits among U.S. banks for the quarter offers reason for optimism. The Charlotte-based financial-services giant is the second-largest dividend payer overall, after General Electric Co. , and has raised its dividend every year for 30 years. The bank reported Monday that its net income fell 41% to $3.41 billion, or 72 cents a share, above the consensus estimate of 59 cents a share polled by analysts of FactSet Research. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 21, 2008 2:42 PM [GMT] ¦ comment?
found in Business: Markets
NEW YORK (MarketWatch) -- Bank of America's Chairman and Chief Executive Ken Lewis Monday reaffirmed his commitment not to cut dividends, after the bank reported better-than-expected second-quarter earnings. Lewis said in a conference call with analysts that while "it's hard to be unequivocal on anything," the fact that the bank is poised to post the most profits among U.S. banks for the quarter offers reason for optimism. The Charlotte-based financial-services giant is the second-largest dividend payer overall, after General Electric Co. , and has raised its dividend every year for 30 years. The bank reported Monday that its net income fell 41% to $3.41 billion, or 72 cents a share, above the consensus estimate of 59 cents a share polled by analysts of FactSet Research. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Jul 21, 2008 2:42 PM [GMT] ¦ comment?
found in Business: Markets
U.S. stocks start week on up noteNEW YORK, July 21 (UPI) -- Better-than-expected earnings by Bank of America and a deal in the pharmaceutical world helped drive U.S. stock indexes up Monday.
United Press International – Jul 21, 2008 2:28 PM [GMT] ¦ comment?
found in Business
Bonds fall on stock gains
Treasury prices eased Monday as stocks opened higher, lifted by stronger-than-expected earnings from Bank of America, and as the dollar lost ground to the euro.
CNN.com – Jul 21, 2008 2:14 PM [GMT] ¦ comment?
found in Business: Markets
Treasury prices eased Monday as stocks opened higher, lifted by stronger-than-expected earnings from Bank of America, and as the dollar lost ground to the euro.
CNN.com – Jul 21, 2008 2:14 PM [GMT] ¦ comment?
found in Business: Markets
Stocks open higher after Bank of America results
NEW YORK (AP) -- Wall Street rose modestly in early trading Monday after Bank of America Corp. posted results that beat expectations, raising hope the credit crisis might be easing for the nation's biggest retail banks.
Baton Rouge Business Report – Jul 21, 2008 2:09 PM [GMT] ¦ comment?
found in Local: Louisiana: Baton Rouge
NEW YORK (AP) -- Wall Street rose modestly in early trading Monday after Bank of America Corp. posted results that beat expectations, raising hope the credit crisis might be easing for the nation's biggest retail banks.
Baton Rouge Business Report – Jul 21, 2008 2:09 PM [GMT] ¦ comment?
found in Local: Louisiana: Baton Rouge
Stocks Rising at the Open
Encouraging earnings data from Bank of America and merger news from Genentech and Roche are cheering investors at the outset.
TheStreet.com – Jul 21, 2008 2:03 PM [GMT] ¦ comment?
found in Business: Investing
Encouraging earnings data from Bank of America and merger news from Genentech and Roche are cheering investors at the outset.
TheStreet.com – Jul 21, 2008 2:03 PM [GMT] ¦ comment?
found in Business: Investing
Bond Report: Treasurys edge down after Bank of America results
NEW YORK (MarketWatch) -- Treasurys declined early Monday, pushing yields higher for a third day, after Bank of America reported better-than-expected earnings, easing the perceived risks in the financial system.
MarketWatch.com – Jul 21, 2008 1:57 PM [GMT] ¦ comment?
found in Business
NEW YORK (MarketWatch) -- Treasurys declined early Monday, pushing yields higher for a third day, after Bank of America reported better-than-expected earnings, easing the perceived risks in the financial system.
MarketWatch.com – Jul 21, 2008 1:57 PM [GMT] ¦ comment?
found in Business
Stocks set to open higher after Bank of America results
NEW YORK -- Wall Street looked to open higher Monday after Bank of America Corp. posted results that beat expectations, raising hope the credit crisis might be easing for the nation's biggest retail banks.
Detnews.com – Jul 21, 2008 1:55 PM [GMT] ¦ comment?
found in Local: Michigan: Detroit
NEW YORK -- Wall Street looked to open higher Monday after Bank of America Corp. posted results that beat expectations, raising hope the credit crisis might be easing for the nation's biggest retail banks.
Detnews.com – Jul 21, 2008 1:55 PM [GMT] ¦ comment?
found in Local: Michigan: Detroit