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Will MER And CFC Bankrupt BAC

Tue, 06 Oct 2009 04:17:10 GMT

Today is the tale of two story’s about BAC’s health. On the one hand Bloomberg wrote today how BAC’s purchase of Merrill was a “steal” based on company filings with the SEC. On the other hand, bank analyst wrote just the opposite on BAC’s health last night. In fact, Whalen discredited BAC’s SEC filings. And rather than being a steal, the implications of the MER and CFC acquisitions by BAC are that BAC’s equity is worth zero and bondholders might have to take a 30% or more haircut next year.[More...]

Market Sentiment Continues To Hold

Tue, 05 May 2009 20:25:58 GMT

U.S. equity markets ended only slightly lower on Tuesday as early morning economic data started off the day with a spurt of confidence. The ISM Non-Manufacturing report gauged Chicago area service related industries deteriorating at a lower rate than previous months in April. The report clocked in at 43.7, above the markets estimate of 42.2 and greater than the March level of 40.8. Goldman ICSC store sales for the previous week also improved at a rate of 0.7% opposed to the -0.7% decline in the week before. Federal reserve chairman Ben Bernanke testified before the Congressional Joint Economic Committee at 10 am, claiming that he expected unemployment to top out under 10% and that the U.S. would see 2% GDP growth for the 2010 fiscal year. When prodded, Bernanke swore that he had no part in forcing Bank of America (BAC) CEO Ken Lewis to buy Merrill Lynch at the end of[More...]

Roubini Global Economics: Banks In The Spotlight

Thu, 16 Apr 2009 14:55:00 GMT

In this guest post Nouriel Roubini and his team provide an update on pertinent issues affecting the banking situation in the US and other parts of the world. Please visit my website (by clicking on the heading above) for the full article, as well as other interesting investment snippets. [More...]

Opportunities In Bank Bonds, Part 2

Thu, 12 Mar 2009 13:48:00 GMT

Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09 When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. What would it take to make the US Government change the[More...]

Is GE Next in Line for Government Bailout?

Tue, 10 Mar 2009 15:14:00 GMT

By Don Miller Associate Editor Money Morning Even though it just posted its third-highest annual profit ever, investors hammered shares of U.S. industrial giant General Electric Co. (GE)... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Bank of America Likely To Sell First Republic Bank

Thu, 26 Feb 2009 20:14:08 GMT

Bank of America (BAC) is rumored to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co (MER).[More...]

Three Favorite ETFs For Investing In China

Mon, 23 Feb 2009 13:54:00 GMT

"In my view, there is no sign of a sustainable rally in the US stock market on the horizon," says Glenn Rogers, asking, "So, against that gloomy backdrop, what's an investor to do?" The contributing editor to Gordon Pape's Internet Wealth Builder suggests, "One area that looks interesting to me right now is China." Here, he highlights a trio of exchange-traded funds invested in the China[More...]

China’s Stimulus Ignites Economy

Sat, 14 Feb 2009 13:00:00 GMT

By Don Miller Associate Editor Money Morning China’s giant $585 billion (4 trillion yuan) economic stimulus package is showing signs of taking effect. Economists now project that... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Bank of America (BAC) Below $4

Thu, 05 Feb 2009 16:54:00 GMT

Mark wondered two months ago in (Nov 26: After Citigroup is Bank of America Next?) We posed the exact same theory after the Citigroup (C) bailout was announced. Good to see realism and cynicism reach into our news agencies ;) That Countrywide Financial exposure cannot be a good thing. I am also wondering if the Merrill Lynch (MER) deal is still going to go through - certainly the terms are[More...]

Favoring Junk: A Trio Of High Yield Bond ETFs

Tue, 27 Jan 2009 20:26:00 GMT

"Although high yield corporate bonds have rallied 20% off their lows, I think there is less risk in debt than in equities right now," says Glenn Rogers. Here, the contributing editor to Gordon Pape's Internet Wealth Builder takes a look at a trio of ways to play "junk" bonds, adding, "I think this is the trade of the year offering relative safety with high yields and excellent potential for capital[More...]

BofA took risks long before Merrill: In '07, CEO Lewis launched effort to ramp up loans, investment banking while still spending on deals.

Sat, 07 Nov 2009 11:47:00 GMT

Nov. 7--At a posh Florida resort in February 2007, Ken Lewis unveiled Bank of America's aggressive new strategy to a roomful of Wall Street analysts.
"We do not have to acquire to meet our financial goals," Lewis said.
And despite saying the bank didn't need to buy to succeed, Lewis launched a deal-making spree a few weeks later by agreeing to buy Chicago's LaSalle Bank for $21 billion in cash.

: iStockAnalyst.com Symbols Feed

Will MER And CFC Bankrupt BAC

Market Sentiment Continues To Hold

Roubini Global Economics: Banks In The Spotlight

Opportunities In Bank Bonds, Part 2

Is GE Next in Line for Government Bailout?

Bank of America Likely To Sell First Republic Bank

Three Favorite ETFs For Investing In China

China’s Stimulus Ignites Economy

Bank of America (BAC) Below $4

Favoring Junk: A Trio Of High Yield Bond ETFs

BofA took risks long before Merrill: In '07, CEO Lewis launched effort to ramp up loans, investment banking while still spending on deals.

Energy company vows it's cautious: Chesapeake Energy explains protections it practices during drilling for natural gas.

E-Mails Show BofA's Worry Over Merrill Lynch Deal: But Bank's Top Lawyer Said Execs Didn't Have Grounds to Stop Merrill Lynch Deal, Investigators Told.

E-Mails Show BofA's Worry Over Merrill Lynch Deal: But Bank's Top Lawyer Said Execs Didn't Have Grounds to Stop Merrill Lynch Deal, Investigators Told.

E-Mails Show BofA Worry Over Merrill: But Bank's Top Lawyer Said Execs Didn't Have Grounds to Stop Merrill Lynch Deal, Investigators Told.

Wells Fargo Tops Deposit List: Data: Bank of America Slips to Second Place in State

Bank of America Loses $2.24B As Loan Losses Rise

Lewis Won't Get 2009 Pay: Retiring BofA Chief Opts Not to Dispute Federal Pay Czar, Who Also is Scrutinizing Salaries at Other Big Banks.

Caterpillar Maintains Previous Cash Dividend: Layoffs, Shutdowns Allowed for Stockholder Reward

Dow Returns to Familiar Ground, Closes Above 10,000 for First Time in a Year

Cohen Milstein Sellers & Toll and Keller Rohrback Announce Final Approval of Merrill Lynch ERISA Settlement

Abbey Spanier Rodd & Abrams, LLP Commences Class Action Securities Lawsuit on Behalf of All Merrill Lynch & Co., Inc. Shareholders as of October 10, 2008 and/or Those Who Acquired Bank of America Common Stock on the Consummation of the Acquisition

Merrill Lynch & Co., Inc. Announces Results of Offer to Purchase for Cash Any and All of the Outstanding Exchange Liquid Yield Option ™ Notes due 2032 (Zero Coupon – Floating Rate – Senior)

Merrill Lynch & Co., Inc. Notice of Offer to Purchase in Cash Any and All of the Outstanding Exchange Liquid Yield Option ™ Notes due 2032 (Zero Coupon – Floating Rate – Senior)

California Microenterprise Leaders Announce $1 Million Investment By Merrill Lynch for Los Angeles Business Start-Ups

Research and Markets: 10 Trends That Will Shape Financial Services in 2009

Fitch: BofA Enhances Global Franchise With Merrill Buy; IDR Affirmed at 'AA-' - Jan 2 2009 11:51PM

Fitch: BofA Enhances Global Franchise With Merrill Buy; IDR Affirmed at 'AA-' - Jan 2 2009 7:51AM

Standard & Poor's Announces Changes to U.S. Indices - 23-12-08

Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share - Dec 18 2008 9:53AM

Form 4 Montag Thomas K. For: Jan 01 (10K)

Form 4 THAIN JOHN A For: Jan 01 (10K)

Form 4 Sanzone Thomas J. For: Jan 01 (10K)

Form 4 ROSSOTTI CHARLES O For: Jan 01 (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: REESE ANN N (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: PRUEHER JOSEPH W (10K)

Form 4 PETERS AULANA L For: Jan 01 (10K)

Form 4 MERRILL LYNCH & CO., For: Jan 01 Filed by: Cairnhill Investments (Mauritius) Pte Ltd (10K)

Form 4 ROSSOTTI CHARLES O For: Dec 18 (10K)

Form 4 Christ Carol T For: Dec 18 (10K)