After some nice gains yesterday in the markets, it appears as if we will likely open the day on Tuesday down somewhat. There are several banks that reported earnings early this morning. They include, Goldman Sacks, Bank of America, and BNY Mellon. Bank of America reported a loss of $7.3 billion on a one time [...]
Bank stocks really took a beating this week, as market uncertainties drove many of the large banking stocks towards levels we have not seen in months. Citigroup closed the day on Friday at $3.95 a share, just 4 cents higher than the low of the day. Although it was nowhere near the 52 week low, [...]
Reports are coming out this morning that Bank of America will halt all foreclosures in the entire United States. Last week Bank of America had announced that they will halt foreclosures in 23 states, however, it appears that they have extended this to all states in the US. Bank of American decided to stop the [...]
If you were in danger of having to foreclose on your home, you may be in luck, at least for a little while. Those American’s who have a mortgage with Bank of America, JP Morgan Chase, or Ally Financial, and were in the process of foreclosure will have at least some time. Apparently the practices [...]
A Bank of America in Coral Gables Florida is the center of a hostage situation. The bank which is across from the University of Miami Campus, is located at 1500 block of South Dixie Highway. The robbery occurred just before 8:30 AM. Reports indicated that there is at least one hostage, and possibly more. The [...]
Wachovia has announced that there will be several fee changes to their banking system. These changes seem to be sweeping changes across a portion of the banking industry as Bank of America also seems to be doing a similar fee adjustments. Here are some of the changes being made at Wachovia. Please note that none [...]
Large French insurance company AXA, which is headquartered in Paris, has decided to reduce its holdings in United States investment banks such as Goldman Sachs, BB&T (BBT) and Morgan Stanley. Instead they have elected to move more money toward companies such as Bank of America, Wells Fargo, Citigroup, and JP Morgan Chase. AXA elected to [...]
There has been a lot of problems accessing Bank of America Online today for people in most states. At first it was believed that the site was only offline for people in Maryland, Michigan, California and a few other states. However that doesn’t appear to be the case. The online sign in for bankofamerica.com seemed [...]
