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Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Here’s this week’s round-up of Bank of America Corp. (NYSE:BAC) news briefings. Bank of America Corp. (NYSE:BAC) stocks ended the week at 14.29 (as of 2/4/2011).

Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Monday 31 January

Bank of America Corporation (NYSE:BAC)’s investment bank compensation pool has reportedly declined by 10%.
As per reports from people having direct knowledge of the matter, the investment banking division of Bank of America Corporation (NYSE:BAC) has set aside about 10 percent less for employee compensation as it did last year.

Alan Johnson, managing director of New York-based compensation consultant Johnson Associates Inc., said that, “It’s what you should expect considering it was a pretty volatile year. People were down more than that at other places; I’d say a 10 percent decline overall is a pretty good outcome.”

Wednesday 2 February

A court has ruled that Bank of America Corporation (NYSE:BAC) can continue foreclosures in Nevada.
After being involved in the recent ‘robo-signing scandal’ and foreclosure debates, Bank of America Corporation (NYSE:BAC) has finally received approval from the court to continue operations in Nevada.

The ruling is of great significance as Nevada is one of the states experiencing the highest default rates for properties in the US. Real estate prices rose in the state higher than ever during the housing boom period.

We’ll be keeping a close eye on the Bank of America Corp. stock level for developments over the next few weeks.

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Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Here are this week’s stock briefs for Bank of America Corp. (NYSE:BAC). Bank of America Corp. (NYSE:BAC) stocks ended the week at 14.25 (as of 1/21/2011).

Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Tuesday 18 January

Bank of America Corporation (NYSE:BAC) Merrill Lynch has appointed Mark Rosen as the head of Latin America Investment Banking.
The banking giant said in a statement that Rosen will be based in New York and will report to Andrea Orcel, executive chairman of global banking and markets, and to Michael Rubinoff and Purna Saggurti, heads of global investment banking.

Under the new role, Mr. Rosen will be responsible for the investment banking franchise across Latin America, outside of Brazil.

Wednesday 19 January

Bank of America Corporation (NYSE:BAC) Merrill Lynch has formed a strategic relationship with Abu Dhabi Commercial Bank.
The new relationship will allow Bank of America Corporation (NYSE:BAC) Merrill Lynch customers to access the services provided by the Abu Dhabi Commercial Bank.

Ala’a Eraiqat, Chief Executive Officer and ADCB board member said, “Today is an important day for the UAE banking sector. It brings together our bank’s extensive network in the UAE, our product suite and service excellence with the global reach of Bank of America Merrill Lynch – a truly win-win partnership. We look forward to working with Bank of America Merrill Lynch to provide their valued clients with world-class products and services.”

We will continue checking the Bank of America Corp. stock level for developments over the next few weeks.

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Bank of America Corporation (NYSE:BAC) Names Latin America Head

Bank of America Corporation (NYSE:BAC) Merrill Lynch has appointed Mark Rosen as the head of Latin America Investment Banking.

Bank of America Corp. (NYSE:BAC) company shares are currently standing at 15.25.

Bank of America Corporation (NYSE:BAC) Names Latin America Head

The banking giant said in a statement that Rosen will be based in New York and will report to Andrea Orcel, executive chairman of global banking and markets, and to Michael Rubinoff and Purna Saggurti, heads of global investment banking.

Under the new role, Mr. Rosen will be responsible for the investment banking franchise across Latin America, outside of Brazil.

If you’re looking to make a move on the Bank of America Corp. (NYSE:BAC) stocks, be sure you make the trade at the right price. Timing the market or technical analysis might often a hard task, but do consider the historical price data:

Price History
Last Price: 15.25
52 Week Low / High: 10.91 / 19.86
50 Day Moving Average: 12.62
6 Month Price Change %: -4.0%
12 Month Price Change %: -11.1%

We will continue checking the Bank of America Corp. (NYSE:BAC) stock level for developments over the next few weeks.

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Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Here’s this week’s round-up of Bank of America Corp. (NYSE:BAC) stock briefings. Bank of America Corp. (NYSE:BAC) shares ended the week at 15.25 (as of 1/14/2011).

Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Monday 10 January

Bank of America Corporation (NYSE:BAC) has cancelled the proposed ‘Video Wall’.
The Charlotte Bank has decided the cancel the proposed ‘Video Wall’ project that would have lighted the Bank of America Corporation (NYSE:BAC) center and a college street in the neighborhood.

Bank of America Corporation (NYSE:BAC) spokeswoman Kelli Cishek said, “We concluded that the video wall would detract from the Urban Garden and therefore will not move forward with completion of the project”.

Wednesday 12 January

Bank of America Corporation (NYSE:BAC) Mexico has appointed Tito Vidaurri as country executive.
The international banking giant announced in a statement made yesterday that Mr Tito Vidaurri will be going the way of retired Bank of America Corporation (NYSE:BAC) exec Orlando Loera.

Mr. Tito will join the emerging markets executive committee, and will be reporting directly to Andrea Orcel who is the executive chairman of global banking and markets.

With the favorable market conditions, Bank of America Corporation (NYSE:BAC) has stayed on a stable growth track for the last two months.

We will be monitoring the Bank of America Corp. stock price for developments over the next few weeks.

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Bank of America Corporation (NYSE:BAC) Predicts Euro Weakening

Bank of America Corporation (NYSE:BAC) has anticipated that the Euro will weaken in the next nine months.

Bank of America Corp. (NYSE:BAC) shares were at 14.69 at the end of the last day’s trading. There’s been a 9.5% change in the stock price over the past 3 months.

Bank of America Corporation (NYSE:BAC) Predicts Euro Weakening

According to predictions by Bank of America Corporation (NYSE:BAC), the Euro will weaken sharply, falling as low as $1.20 in the next nine months.

Bank of America Corporation (NYSE:BAC) said that, “If the crisis spreads to Spain, the core countries will be forced to increase EFSF funds to ensure a sufficient buffer and address systemic risks. During this time we expect the [European Central Bank] to remain supportive, given contagion risks from the crisis and fiscal consolidation throughout the euro area, but to start tightening by year-end”.

If you believe this is a good time to make a play on the Bank of America Corp. (NYSE:BAC) shares, be sure you take a look at this analyst advice, from a broad range of industry specialists:

Bank of America Corp. (NYSE:BAC) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.8
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.52
Zack’s Rank: 2 out of 14 in the industry

We’ll be keeping a close eye on the Bank of America Corp. (NYSE:BAC) stock price for developments over the next few weeks.

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Bank of America Corporation (NYSE:BAC) Extends Bond Talks

Bank of America Corporation (NYSE:BAC) investors have extended their talks on bonds.

Bank of America Corp. (NYSE:BAC) shares are currently standing at 13.31.

Bank of America Corporation (NYSE:BAC) Extends Bond Talks

The official report from the banking group says that talks with investors are still continuing. The issue arose from the buy-back of securities backed by billion of dollars of bad mortgages, which has become a hot topic on the stock market.

Manal Mehta, a co-founder of hedge fund Branch Hill Capital in San Francisco, said that,”The reason settlement is a much-preferred alternative to litigation is to avoid extensive discovery. Who knows what sorts of skeletons lurk in the closets of Countrywide?”

If you believe this is a good time to make a play on the Bank of America Corp. (NYSE:BAC) stocks, make sure you make the trade at the right price. Timing the market or technical analysis might often a hard task, but do make sure you take into account the price history:

Price History
Last Price: 13.31
52 Week Low / High: 10.91 / 19.86
50 Day Moving Average: 11.98
6 Month Price Change %: -8.4%
12 Month Price Change %: -12.8%

We’ll be keeping a close eye on the Bank of America Corp. (NYSE:BAC) stock price for developments over the next few weeks.

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Bank of America Corporation (NYSE:BAC) Targeted By WikiLeaks

It has been reported that Bank of America Corporation (NYSE:BAC) is the next target of WikiLeaks.

Bank of America Corp. (NYSE:BAC) company shares stood at 13.38 at the end of trading on 12/22/2010.

Bank of America Corporation (NYSE:BAC) Targeted By WikiLeaks

Although nothing was specifically announced the anti-secrecy foundation, the statement that it preparing a ‘megaleak’ against the largest bank clearly indicates that Bank of America Corporation (NYSE:BAC) is the next target of the organization.

Julian Assange, the founder of WikiLeaks, has said The Times of London that he has enough data to make the bosses of the banking giant resign.

If you’re contemplating investing in Bank of America Corp. (NYSE:BAC) stocks, make sure you make the trade at the right price. Timing the market or technical analysis might often a fruitless exercise, but do consider the price history:

Price History
Last Price: 13.38
52 Week Low / High: 10.91 / 19.86
50 Day Moving Average: 11.95
6 Month Price Change %: -16.7%
12 Month Price Change %: -15.1%

We’ll be keeping a close eye on the Bank of America Corp. (NYSE:BAC) share price for developments over the next few weeks.

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Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Here are this week’s stock briefs for Bank of America Corp. (NYSE:BAC). Bank of America Corp. (NYSE:BAC) company shares ended the week at 12.57 (as of 12/17/2010).

Weekly News Roundup: Bank of America Corporation (NYSE:BAC)

Wednesday 15 December

Bank of America Corporation (NYSE:BAC)’s Merrill Lynch has launched eFX trading platform for options.
Bank of America Corporation (NYSE:BAC)’s Merrill Lynch (BofA Merrill) has announced that it has launched electronic FX options trading capabilities for institutional and corporate clients.

The platform, which allows clients to obtain two-way dealable prices and execute trades live or with delta exchange, is a component of BofA Merrill’s overall eFX offering.

Richard Elliott, the head of eFX Options Trading of Bank of America Corporation (NYSE:BAC) said that, “The FX options market has seen an increased demand for electronic trading capabilities, both via desktop applications and via API. We’ve received very favorable feedback on the speed and ease of use of the platform; our clients also appreciate the added control this sophisticated product offers.”

Friday 17 December

Nevada Attorney General has filed suit against Bank of America Corporation (NYSE:BAC) over the loan modifications.
Nevada’s Attorney General Catherine Cortez Masto has announced that her office is suing Bank of America Corporation (NYSE:BAC) for deceiving Nevada homeowners. The lawsuit focuses on the bank’s loan modification and foreclosure practices.

Attorney General Catherine Cortez Masto said “There’s this constant egregious pattern of conduct that is so deceptive on the part of Bank of America Corporation (NYSE:BAC) and that’s what we’re talking about here, is that Bank of America needs to change its practices.”

We’ll be keeping a close eye on the Bank of America Corp. share price for developments over the next few weeks.

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