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Blogs about BAC

Blogs	Description	Date Updated
Cramer on BloggingStocks: The path ahead is down	Filed under: Ford Motor (F), General Motors (GM), Market matters, Citigroup Inc. (C), Anheuser-Busch Cos (BUD), Bank of America (BAC), Merrill Lynch (MER), Countrywide Financial (CFC), Wrigley, (Wm) Jr (WWY), Wachovia Corp (WB), Washington Mutual (WM), Cramer on BloggingStocks From TheStreet.com Network Everything You Need to Know About Oil Farrell: Is the Fed to Blame? TheStreet.com's Jim Cramer says with few exceptions, the landscape is littered with corpses. Sell...	June 27, 2008
The barbecue at Countrywide turns into a forest fire	Filed under: Deals, Law, Bank of America (BAC), Countrywide Financial (CFC)More states have filed charges against Countrywide (NYSE: CFC) for aggressive marketing and giving loans which were highly risky. Washington and California have joined Illinois in the actions. Up until now, Bank of America (NYSE:BAC), which is buying Countrywide, has been sticking to its story that it will close on its purchase of the mortgages company. The media has written a million times that the big money center b...	June 26, 2008
Put Options Increase: Bank of America Into 52-Week Lows (BAC)	Bank of America (NYSE: BAC) has been one of the under pressure banking stocks on its own accord of late. But today we have seen many options trades go off in the Put options. This may be nothing more than a roll-out as last Friday was expiration date, and it could just be traders making hedges to positions. Here are some of the more active contracts in near-months trading: CONTRACT STRIKE Vol. OpInt. AUG08 $20.00 PUTS 4,497 12,625 AUG08 $22.50 PUTS�...	June 23, 2008
Point of No Return or Perfect Buying Opportunity?	The recent declines in many Financial stocks have put them in unprecedented negative territory. Below we highlight historical charts of the percentage from 52-week highs for Lehman (LEH), Wachovia (WB), Citigroup (C), Merrill Lynch (MER) and Bank of America (BAC). At its low point earlier this month, Lehman was 72% below its 52-week high, making it the furthest below it... ...	June 23, 2008
Now Its JP Morgan (JPM) & Wachovia (WB)	This make a whole lot more sense than the previous rumor. The latest rumor has Jamie Dimon and JP Morgan making an offer for Wachovia.The deal make sense for a couple reasons. Unlike Bear Sterns (BSC), Wachovia is a bank with investor deposits. Dimon has made very public his desire to expand his banking franchise into the SE and a Wachovia deal would do just that. While a deal would push the combined bank over the 10% threshold for deposits, I think it is not a very large stretch to suggest that...	June 23, 2008
Jim Cramer’s Stop Trading!	Jim Cramer was out with bullish comments on Companhia Vale Rio Doce (RIO), calling it the cheapest mining stock in the world, on CNBC’s Friday “Stop Trading!” show. Cramer spoke with Rio Tinto’s (RTP) CEO, Tom Albanese who stopped by to discuss his company’s prospects. Albanese said China’s demand for commodities is large. He explained that Toyota Motors’ (TM) battery powered car needs twice as much copper to produce and it needs a lot of aluminum, which...	June 20, 2008
Option Update: Bank of America volatility up; purchase of CFC on July 1	Filed under: Bank of America (BAC), Countrywide Financial (CFC), OptionsBank of America (NYSE: BAC) closed at $28.14 Thursday. BAC aims to complete its planned acquisition of Countrywide Financial (NYSE: CFC) on July 1. BAC announced in January of 2008 the planned acquisition of CFC for 0.1822 per share of BAC for each share they own, $5.13 based on BAC closing share price of $28.14. CFC closed at $4.83. BAC July option implied volatility of 51 is above its 26-week average of 40 according to...	June 20, 2008
Cramer’s Sell Block - Avoid Banks	On Tuesday Goldman Sachs Group (GS) put out a report that had a list of stocks that are in dire need of refinancing to stay afloat. Cramer called the group of stocks Goldman’s “hit list” and he advised investors to avoid them at all costs. The Goldman report highlighted four key factors that would send these banks running for new capital and drive share prices lower. The factors were: credit losses won’t peak until 2009, raising money will get harder, estimate cuts will...	June 19, 2008
Thornburg, mortgage giant, may not make it	Filed under: Earnings reports, Deals, Bank of America (BAC), Countrywide Financial (CFC)Thornburg Mortgage (NYSE:TMA) was one of the larger mortgage lenders in the US. Its stock now trades at $.65, down from almost $27 a year ago. That means it market cap was $5 billion then. According to The Wall Street Journal, TMA said in a federal filing that "the future of the home-mortgage finance company as a viable business remains in doubt." The company is trying to raise over $1.3 billion, but, by man...	June 19, 2008
Blackstone stikes a healthy $1.6 billion deal for Apria Healthcare	Filed under: Deals, Private equity, Blackstone Group L.P (BX)Apria Healthcare Group Inc. (NYSE: AHG), a home healthcare services company, has seen its shares plunge from $31.57 to $15.31 over the past year. But as of today, things got much brighter, as the shares spiked 26% to $20. The Blackstone Group (NYSE: BX) has agreed to buy the company for $1.6 billion. Debt financing will come from Bank of America (NYSE: BAC), Wachovia (NYSE: WB) and Barclays Capital (NYSE: BCS). Apria operates about 5...	June 19, 2008

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