All Posts Tagged With: "Bank of America (NYSE: BAC)"

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Profits from REITs Highlight Positive in Bank of America Corporation’s (NYSE: BAC) Purchase of Merrill Lynch

The latest headlines regarding Bank of America Corporation’s (BAC) purchase of Merrill Lynch & Co. overlook the huge profits that the combined banks have made in real-estate investment banking.
The addition of Merrill Lynch, which has led the industry in revenue from 2006-2008, propelled Bank o f America to over $207 million dollars in revenue from [...]

January 13th, 2010 | Christopher | Comments | Continued
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Will Falling Mortgage Apps and Expiring Tax Credits Cut Into Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) Lending Profits?

The Mortgage Bankers Association (MBA) announced Wednesday that mortgage applications remained near a six-month low last week as rising rates cut into what has been a robust refinancing market.  Rates on the 30-year fixed mortgage hit 5.18 percent for the week ended January 1, 2010, the highest level since August.
This trend, coupled with an expiring [...]

January 6th, 2010 | mitch | Comments | Continued
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Citigroup (NYSE: C), Bank of America (NYSE: BAC) And JP Morgan (NYSE: JPM) Likely Benefactors From Expiring Corporate Debt In 2010

The year 2010 will see very large chunks of corporate debt maturing for many U.S. corporations, including several of the nations’ largest banks, such as Citigroup (NYSE: C), Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM).  This trend means fewer interest payments, less costly debt borrowing and increased underwriting for the banks. 
Take [...]

January 5th, 2010 | mitch | Comments | Continued
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Democratic Lawmakers Call for Regulations To Limit Bank Overdraft Charges

In a move that would affect commercial banks like Bank of America (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JP Morgan Chase (NYSE: JPM), Democratic lawmakers on Friday publicly called for regulatory changes to banks ability to charge overdraft fees. Rep. Barney Frank, chairman of the House Financial Services Committee, and Chris Dodd, Chairman of the Senate Banking Committee called for legislation that would allow bank customers to opt out of overdraft protection.

October 30th, 2009 | John | Comments | Continued