Posts Tagged ‘Bank of America’

BofA To Save Big On Reduced Debt

Bank of America Corp (BAC) said it expects to reduce its long-term debt by about $40 billion in the second quarter, eliminating interest expense of $230 million per quarter going forward. A tidy sum. The bank had previously said it has $34 billion in debt maturing in the quarter. BAC has also taken steps to [...]

DJIA Market Close for Wednesday, June 06, 2012 (Rally Mode?)

The Dow added +286.84 (+2.37%) to close at 12414.79. So is a real rally underway? I don’t think so. Volume just wasn’t there. All four indexes gained 2% plus though. I think this first burst of buying is a head fake. I’ll take it but won’t add in size until I get a confirmed uptrend [...]

DJIA / Market Close for Wednesday, March 28, 2012

The closed down -71.52 (-0.54%) at 13,126.21. Nasdaq, S&P 500 and Russell 2000 were all down today too. Gasoline national average broke through the $3.90 per gallon mark rising to $3.911. On the Dow, leading stock gainers were BAC, AXP, KO, JPM, CSCO, TRV, JNJ, WMT, PG and IBM. Leading Dow losers were CAT, AA, [...]