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USA Stock Report

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Boston, MA, 04/11/2014  (usastockreport) – Huntington Bancshares Incorporated (NASDAQ:HBAN) announced that it has signed a definitive agreement on April 9, according to which, Huntington National Bank will acquire 11 branches in East and Central Michigan from Bank of America Corp (NYSE:BAC). The proposed purchase will boost the bank’s Michigan branch to 173 statewide,...

Boston, MA, 03/31/2014  (usastockreports)- Federal Reserve’s annual Dodd-Frank stress test is a big event in the US banking industry. Stress test for a banking institution gives out the scenario of how bank will perform under various stressed economic conditions. Under the adverse economic conditions if a bank will have sufficient capital to absorb the losses and perform...

Boston, MA, 03/31/2014  (usastockreports) –Bank of America Corp (NYSE:BAC) has received major boost when its capital plan was approved by US Federal Reserve which includes repurchase program of $4 billion shares and increase in quarterly dividend by 5 cent. This is good news for the company who was unable to pass the stress test of the last year, much to embarrassment...

Boston, MA, 03/20/2014 – Wells Fargo & Co (NYSE:WFC) was in trouble during the financial crisis of 2008 like just like other financial institutions. But now, it’s bounced back and is poised to deliver good growth and returns to investors. Wells Fargo has less litigation-related troubles in comparison to its peers who together constitute the ‘Big Four’...

Northern, WI 06/21/2013 (usastockreport) – The share prices of Bank of America Corp (NYSE:BAC) had surged by 2.27 percent to close at $12.89 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $12.80 to $13.14 per during the day, which had pushed the company to hit new peaks. The shares of Bank of...

Northern, WI 06/18/2013 (usastockreport) – Shares of Bank of America Corp. (NYSE:BAC) closed at $13.21.The shares gained a 1.07% from its previous close of $13.07. BAC‘s 52-week price range is around $6.90 to $13.99. The company total market capitalization stands at 142.41 billion with beta value of 1.88. Bank of America, on June 17, 2013 announced that the Board...

Northern, WI 04/17/2013 (usastockreport) – Wall Street’s self regulator has fined Bank of America Corp (NYSE:BAC) (Closed: $12.28, Up by 2.50%)’s brokerage unit Merrill Lynch $ 1.05 million. The latter had overcharged customers who had been involved in the trading of non-convertible preferred securities. In a statement, Financial Industry Regulatory Authority...

Northern, WI 04/08/2013 (usastockreport) – The Federal judge approved the settlement of the Bank of America Corp’s (NYSE:BAC) with the investors of around 2.4 billion dollars who have lost all their money due to the acquisition of the bank of the Merill Lynch & Co. The district judge of the U.S., Kevin Castell in the district of the Manhattan said during the hearing...

This morning, Bank of American Corporation (NYSE:BAC) announced agreements with the Federal National Mortgage Association (Fannie Mae, OTC:FNMA) that resolve outstanding and potential claims related to residential mortgage loans. The announcement also included the expected fourth quarter impact of certain other items. The Fannie Mae agreement covers mortgages with an original...

Bank of America Corporation (NYSE:BAC) is being sued for over $1 billion from losses arising from fraudulent and otherwise defective loans sold to the Federal National Mortgage Association (OTCBB:FNMA) and the Federal Home Loan Mortgage Corporation (OTCBB:FMCC), better known as Fannie Mae and Freddie Mac, respectively. The civil lawsuit, brought by Preet Bharara, the United...