Today's Trending Stocks
Click a Company to Research Now:
- Bank of America (BAC)
- Apple . (AAPL)
- Facebook (FB)
- AT&T (T)
- Nokia (NOK)
- Tiffany & Co. (TIF)
- Signet Jewelers Ltd. (SIG)
- NetApp . (NTAP)
The latest bank to withdraw from lawsuits challenging the 2009 restructuring of MBIA (NYSE:MBI) is Bank of America (NYSE:BAC). Four remaining banks are moving ahead with legal claims against the bond insurer, and BNP Paribas (BNPQY.PK) and UBS (NYSE:UBS) are among them. Trading in a 52-week range of $4.92 to $15.31, BAC shares recently traded at $6.84, up $0.21, or 3.17%.
Bank of America (NYSE:BAC) and Citigroup, Inc. (NYSE:C) are among several large banks that are reportedly being investigated by New York’s financial regulator, over whether they overcharged customers on force-place insurance. Two other banks said to be part of the investigation are JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Company (NYSE:WFC). In a trading range of 52-weeks,of $21.40 to $51.50, C shares recently traded at $31.29, up $1.29, or 4.3%.
Further Reading: S&P 500 Winners: DirecTV, Salesforce and Akamai Prices Rise>>
To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!
Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.
Click here now for your FREE trial to our acclaimed flagship newsletter:
