Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Bank of America (NYSE:BAC) is trading higher after-hours after reporting that it has reached a settlement with the Federal Housing Finance Agency (FHFA) resolving four lawsuits FHFA filed against Bank of America, Countrywide, and Merrill Lynch entities beginning in September 2011, alleging they falsely represented that the underlying mortgage loans complied with certain standards. Per the agreement, Bank of America (BAC) will make cash payments … Continue reading Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Financial Sector Active Runners: Bank of America Corporation (NYSE:BAC), Citigroup, Inc. (NYSE:C), Bank of New York Mellon (NYSE:BK), JPMorgan Chase (NYSE:JPM)

Overall, mortgage interest rates remained unchanged today, although at some lenders rates slightly improved following the improvements in bond markets during the day. At Charlotte-based major mortgage provider, Bank of America Corporation (NYSE:BAC), interest rates haven’t seen any changes today, according to our observations. Annual percentage rates, on the other hand, look mixed this Tuesday. Bank of America Corporation (NYSE:BAC) stock performance was -0.92% in … Continue reading Financial Sector Active Runners: Bank of America Corporation (NYSE:BAC), Citigroup, Inc. (NYSE:C), Bank of New York Mellon (NYSE:BK), JPMorgan Chase (NYSE:JPM)

Asset Management: Bank of New York Mellon (NYSE:BK), Blackstone Group (NYSE:BX), KKR & Co. (NYSE:KKR), Franklin Resources (NYSE:BEN)

The Bank of New York Mellon, Corporation (NYSE:BK) land with building(s), 20 E. Washington St., Nelsonville, to Michael Mark, $28,000.The Bank of New York Mellon Corporation (NYSE:BK) stock performance was -0.12% in last session and finished the day at $33.13. Traded volume was 10,727,284 million shares in the last session and the average volume of the stock remained 5.13 million shares. The beta of the … Continue reading Asset Management: Bank of New York Mellon (NYSE:BK), Blackstone Group (NYSE:BX), KKR & Co. (NYSE:KKR), Franklin Resources (NYSE:BEN)