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Something happened last Wednesday that is eye-opening, on several levels...It turns out BofA, like several other financial giants, is a billion-dollar fraud machine. Plop, plop, fizz, fizz (that's me dropping my Alka-Seltzer), oh, what a surprise it
has gained 65 points in pre-market trading, suggesting a strong start to the stock market today. Wall Street looks set to follow world markets higher in this session...Bank of America posted a fiscal first quarter loss of $0.05 a share, compared to
there's one thing you should watch when the bank reports earnings on Wednesday: its expenses. Just to be clear, we already know that Bank of America's first-quarter earnings will be anemic compared to competitors like JPMorgan Chase and Wells Fargo .
On a price-to-book value basis, both banks look attractively valued on both a current absolute basis and compared to historical multiples. However, many so-called market experts and pundits are calling for an overall market correction of 10% or more.
It's a cool, comfortable Friday, April 11, evening at Cornwall Park in Bellingham and Joann Johnson is slowly walking with Chandler, her friend and racquetball companion of nearly 40 years. The park's Frisbee golf course is especially popular on
At the closing bell, the Dow Jones Industrial Average fell 143 points to finish at 16,026.75. The Nasdaq dropped 54 points to finish at 3,999.73, while the S&P 500 lost 17 points to end the day at 1,815.69...Price: 16,026.75 Ch: -143.47 (-0.9%) Here'
A Bank of America branch is pictured in New York May 7, 2009. Shannon Stapleton Profit for the nation's five biggest banks probably fell 14 percent to $16.5 billion from a year earlier, according to a Bloomberg survey. Only sixth-ranked Morgan
Seeing how often official reports by law enforcement are contradicted by video recordings , you'd think judges would have become a bit more skeptical about the supposed "superiority" of officers' recall powers. But that's apparently not the case, at
Under the terms of the settlement, the financial giant will pay a total of $772 million in penalties, of which $45 million will be paid in fines, while $727 million will be refunded to customers...The remaining $25 million will be paid to the Office
181.04 (1.1%) The Dow Jones Industrial Average roared on Wednesday following an announcement that the U.S. Federal Reserve unanimously decided to ditch the thresholds it had set on dealing with unemployment and raising interest rates.