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55 million people have been told to prepare for Hurricane Irene, which President Barack Obama warned could be "extremely dangerous and costly." Sounds like my last girlfriend Irene. Dangerous and costly. Warren Buffett may have earned $1.3 billion already on his $5 billion investment in Bank of...

Stock repurchase programs are a common way for companies to invest in themselves and boost value for shareholders. On the morning of August 26, Varian Medical Systems (NYSE: VAR) announced that it would extend its revolving credit facility with Bank of America (NYSE: BAC) in order to repurchase $...

Shares of Bank of America (NYSE: BAC) have jumped from negative territory on a CNBC report that the firm is close to selling its stake in China Construction Bank. The stock is currently trading up 2.31% at $7.82.

The U.S. Treasury was able to recoup $900 million in the first half of the year as it sold shares of financial firms, including Citigroup (NYSE: C). Japanese Prime Minister Naoto Kan has announced his resignation.Spain's government has reached an agreement to change the constitution and cap the...

Citi has published a research report on Bank of America (NYSE: BAC) after Warren Buffett infused $5B into the company. In the report, Citi wrote, "Berkshire will invest $5 bil in BAC, purchasing $5 bil of 6% preferred stock plus 10-year warrants for 700 mil shares at a $7.14 strike price. The fair...

Sterne Agee is out with its report today on Bank of America (NYSE: BAC), lowering its PT to $9 from $11. In its report, Sterne Agee writes, "Our 2011 and 2012 estimates fall to $0.75 from $0.80 and to $1.30 from $1.50, respectively. Modestly lower margin expectations, and higher preferred dividend...

Goldman Sachs is out with its report today on Bank of America (NYSE: BAC), reiterating Buy. In its report, Goldman Sachs writes, "We reiterate our Buy rating, as we continue to believe the market is overly discounting a more adverse outcome than we foresee playing out. Additionally, we have...

Sterne Agee has lowered the price target on Bank of America (NYSE: BAC) from $11 to $9 and maintains its Neutral rating.

This is amusing.... Charles Schwab Corp. (SCHW), the largest independent brokerage by client assets, sued Bank of America Corp., Citigroup Inc. (C) and other banks claiming they manipulated the London interbank offered rate, or Libor, starting in 2007 in violation of U.S. antitrust law. The banks...

So the Buffett donation to Bank of America (BAC) was quite an act, especially the deal that Uncle Warren got in doing so. But that really doesn't carry much weight in comparison to the anticipation of the Jackson Hole Speech tomorrow from our other vocal Uncle Benny. In the mean time, I thought I'...

It appears that Wall Street has come to the conclusion that Berkshire Hathaway's (NYSE:BRK.B) $5 billion investment in Bank of America (NYSE: BAC) is not a sign that things are peachy at the bank, but rather a ploy to kick the can down the road. As I noted this morning, Buffett got a sweetheart...

After rising more than 25% this morning on news that Warren Buffett had put $5 billion into the company, shares of Bank of America Corporation (NYSE: BAC) are at session lows. At last check, shares were up just 52 cents to $7.51, a gain of 7.44%‎. Shares had reached as high as $8.80 in the first...

The markets continue to be in a wild phase. Just this morning, Warren Buffet took a $5 billion stake in Bank of America Corp (NYSE: BAC). This deal is a sweet deal for him but caution flags must go up. The last time the Oracle of Omaha took a stake in a bank it was Goldman Sachs Group, Inc. (NYSE:...

The metals market is mixed today, with the notable exception of copper, which is soaring, up almost 2% today. Equities are lower, with all three indexes down after having started higher on news that Warren Buffett invested in Bank of America (NYSE: BAC). Copper is up 7.25 cents to trade at $4.0705...

Very eventful morning in the market. The whirlwind started last night with Steve Jobs' resignation and continued this morning with Warren Buffet's $5 billion investment into Bank of America Corp. (BAC). We all know that excitement is to be sold, and fear is usually bought, and those ideas worked to...