Shares of Citigroup and Bank of America (NYSE:BAC) are modestly higher despite lower estimates at Jefferies, which cited lower trading fees and higher expenses for Citigroup and lower trading and net interest income at Bank of America. Bank of America Corp (NYSE:BAC) stock performance was 0.47% in last session and finished the day at $17.19….
A former personal banker at Bank of America Corp (NYSE:BAC) Reading branch was sentenced yesterday to three to five years in state prison plus 10 years’ probation for stealing more than $2.1 million from 31 investors and customers in a Ponzi scheme she used to buy luxury cars and lavish vacations. Bank of America Corp…
Reports are out this morning that Wells Fargo (NYSE:WFC) is being accused by New York attorney general of fabricating foreclosure documents. Despite this the company’s shares are up 1.54% nearing the top end of the 52-week range. The company has a dividend yield of 1.20 and a price to earnings ration of 12.35. Wells Fargo…
Major banks including Barclays, Citigroup Inc (NYSE:C) and Royal Bank of Scotland have frozen bonuses across large parts of their foreign exchange trading teams in light of the investigation into manipulation of forex benchmarks, the Financial Times reports. Citigroup Inc (NYSE:C) stock performance was -0.95% in last session and finished the day at $46.88. Traded…
Bank of America Corp (NYSE:BAC) Merrill Lynch analysts also lowered their prediction from 7.6 per cent to 7.2 per cent for the full year due to the “significantly weaker than expected” data in the first two months. Bank of America Corp (NYSE:BAC) stock performance was -2.10% in last session and finished the day at $16.80….
In celebration of National Women’s History Month, Ford Motor Company (NYSE:F) announced it increased its sourcing with Women’s Business Enterprise companies 50 percent last year, purchasing $1.8 billion in goods and services from tier-one, women-owned suppliers, up from $1.2 billion in 2012. Ford Motor Company (NYSE:F) stock performance was -1.35% in last session and finished…
