News-Blog

[at Barrons.com] – Bank of America (BAC) are rising today after the banking giant reported better-than-expected earnings as its less profitable mortgage business was offset by lower provisions for bad loans. The Wall Street …

[at Financial Times] – Bank of America’s net income rose to $2.5bn in the third quarter, narrowly missing estimates, as mortgage banking declined and fixed income revenue dropped, echoing headwinds felt at other Wall Street …

[Zacks] – Results for the reported quarter were aided by a substantial reduction in the provision for credit losses and lower noninterest expenses.

[at Investor’s Business Daily] – Stocks Open Higher, Trade Mixed; Piper Jaffray, Abbott Labs Rise

[at Motley Fool] – Bank of America’s earnings confirm the damage.

[at MarketWatch] – Shares of Bank of America and Yahoo rebound to trade higher on Wednesday following the release of quarterly results.

[at Seeking Alpha] – Earlier this week I wrote an article entitled “4 Crucial Things I Want with Bank of America’s ( BAC ) Earnings”. The purpose of today’s article is going to be to revisit and analyze the topics …

Banks Near End of Homeowner Relief Payments, US Monitor Says – Citigroup Inc. Jutia Group – 11 hours ago Citigroup Inc. (NYSE:C). [at Bloomberg] – The largest U.S. mortgage servicers, including Citigroup Inc. and Bank of America Corp.

[at The Wall Street Journal] – Four large U.S. banks have provided the bulk of consumer relief required under a $25 billion settlement reached last year over alleged mortgage abuses, the monitor overseeing the deal said Wednesday.

[at MarketWatch] – U.S. stocks rise as Senate leaders rushed to seal a budget deal after a last-ditch measure by House Republicans fell apart.