Financing Adds Working Capital and Strengthens Balance Sheet

Note to Editors: The Following Is an Investment Opinion Being Issued by the BedfordReport.com

* SouFun files for IPO, company priced at $810-$845 mln

* SouFun files for IPO, company priced at $810-$845 mln

NEW YORK, Sept 2 (Reuters) - Bank of America Corp was sued on Thursday in Manhattan federal court by four female financial advisers and trainees who accused the largest U.S. bank of mistreating and firing them because of their gender.

NEW YORK, Sept 2 (Reuters) - Bank of America Corp was sued on Thursday in Manhattan federal court by four female financial advisers and trainees who accused the largest U.S. bank of mistreating and firing them because of their gender.

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Shares of Bank of America (NYSE:BAC) are near a 52 week low - over the past 12 months Bank of America Corp (BAC) shares have traded between $13.02 and its 52-week high of $19.86.

The million dollar question is, is BAC a buy?

News came out today that the four largest U.S. banks could face as much as $42 billion in losses as they repurchase faulty mortgages from housing finance giants Fannie Mae and Freddie Mac, Fitch Ratings said on Wednesday.

 

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Tom Dorsey and Tammy DeRosier - Things Aren't Always What They Seem

Schaeffer's analyst Morgan Searcy takes a look at news on the Street

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open

Tom Dorsey and Tammy DeRosier - 2004 Through 2007 Perspective

Berkowitz gets creative.[More...]

JPMorgan Chase & Co. (NYSE: JPM) became the first investment bank to take steps to comply with the so-called "Volcker Rule" by shutting down its proprietary trading unit.

JPM, the second-biggest U.S. bank by assets, told about 20 traders who work on its commodities trading desk that the company will close the unit, Bloomberg News reported, citing an anonymous source.

The bank eventually will close all in-house trading to comply with new U.S. curbs on investment banks, said the person, who asked not to be identified because New York-based JPM's decision hasn't been made public.

US stocks rallied on Wednesday as better-than-expected manufacturing data boosted investor confidence.[More...]

New York, September 1st (TradersHuddle.com) – Stocks surged as global manufacturing data outweighed an ADP report that showed job losses for August. The improved tone helped stocks staged a rally on the first day of a month that is traditionally seen as a bad month for the equity market, with short covering helping. Read More --