Bank Of America Corp

Buy, Sell or Hold: Bank of America Corp.

Money Morning (Free subscription) | yesterday

By Horacio Marquez Contributing Editor The U.S. financial-services sector is undergoing the broadest restructuring of a single industry in the history of Corporate America, and Bank of America... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first.

Bank of America reveals 3Q drop in profit

Baltimore Sun (Free subscription) | 7 hours ago

NEW YORK Bank of America Corp. reported its third-quarter results yesterday - earlier than planned - revealing a 68 percent profit drop and plans to boost capital by selling stock and halving its dividend. Like most other major financial institutions, Bank of America has been hit by significant losses in mortgages, credit cards and other souring debt. Profit fell to $1.18 billion, or 15 cents per share,...

Bank of America to pay $8 billion to settle mortgages

New York Newsday (Free subscription) | 7 hours ago

Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.

• Illinois AG says mortgage lawsuit deal is model - Seattle Post-Intelligencer
• Illinois AG says mortgage lawsuit deal is model - Seattle Times
• See the 56 articles on the same subject

How Countrywide-BofA mortgage settlement helps California homeowners

San Fransisco Chronicle (Free subscription) | 8 hours ago

More than 120,000 struggling California homeowners could see their monthly mortgage payments lowered, after Bank of America Corp. agreed to provide $3.5 billion in loan and foreclosure relief to settle lawsuits it inherited with its takeover of Countrywide...

Borrowers get some relief on mortgages

Cincinnati Enquirer (Free subscription) | 1 hour ago

Facing a lawsuit over deceptive mortgage practices, an arm of Bank of America Corp. has agreed to the largest program ever to modify home loans.

Bank of America seeks capital, cuts dividends after profits fall

The Earth Times Online Newspaper (Free subscription) | 11 hours ago

New York - Bank of America Corp saw third quarter profits drop by more than two-thirds, prompting it on Monday to halve its dividend payments and sell 10 billion dollars in stock to raise money. These are the most difficult times for financial insti...

BofA 3Q earnings drop 68%; bank slashes dividend, plans $10B capital raising

The Charlotte Business Journal (Free subscription) | 12 hours ago

Bank of America Corp. reports a 68 percent drop in third-quarter earnings and has halved its dividend to 32 cents per share. The Charlotte-based bank also will seek to raise $10 billion in a common stock offering. (BAC) (C) (WFC) (WB) (MER)

UPDATE 4-BofA earnings tumble, cuts div; to raise $10 bln

Reuters UK (Free subscription) | 11 hours ago

NEW YORK, Oct 6 (Reuters) - Bank of America Corp , citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.

• Bank of America earnings tumble, cuts dividend - Times of India

Bank of America reports profit drop, capital raise

The Washington Times (Free subscription) | yesterday

Bank of America Corp.'s third-quarter profit fell 68 percent and the bank says it's selling stock and halving its dividend to boost capital.

Bank of America reports profit drop, capital raise

LA Times (Free subscription) | yesterday

NEW YORK -- Bank of America Corp. today reported its third-quarter results earlier than planned, revealing a 68 percent profit drop and plans to boost capital by selling stock and halving its dividend.

Bank of America reports profit drop, capital raise

Miami Herald (Free subscription) | yesterday

Bank of America Corp.'s third-quarter profit fell 68 percent and the bank says it's selling stock and halving its dividend to boost capital.

Bank of America to cut dividend in half, raise $10B

The Los Angeles Business (Free subscription) | yesterday

Bank of America Corp. will halve its dividend and raise $10 billion through the sale of common stock in an effort to shore up its books. (BAC)

Bank of America to cut dividend in half, raise $10B

The East Bay Business Times (Free subscription) | yesterday

Bank of America Corp. will halve its dividend and raise $10 billion through the sale of common stock in an effort to shore up its books. (BAC)

Bank of America reports profit drop, capital raise

News & Observer (Free subscription) | yesterday

Bank of America Corp.'s third-quarter profit fell 68 percent and the bank says it's selling stock and halving its dividend to boost capital.

BofA to cut dividend in half, sell stocks

MSNBC.com (Free subscription) | yesterday

Bank of America Corp.'s third-quarter profit fell 68 percent and the bank says it's selling stock and halving its dividend to boost capital.