Bank of America (NYSE:BAC) and Barclays (NYSE:BCS) are being sued for breach of contract by Lehman, in order to prevent the former parties from selling a 26.5% stake in real estate firm Archstone to Equity Residential (NYSE:EQR) for $1.33 billion. Lehman currently owns 47% of Archstone and wishes to attain control of the company in order to divest it for no less than $6 billion.

In an effort to raise its Tier 1 common capital by $3.9 billion, Bank of America (NYSE:BAC) has finished exchanging preferred shares for common stock and debt. Due to more rigorous worldwide standards, the company has been making efforts to raise capital. Additionally, Bank of America has an interest in quelling  concerns over significant mortgage losses.

Don’t Miss: Fitch Downgrades Major Banks.

Discover Financial (NYSE:DFS) has been upgraded from Hold to Buy by Stifel Nicolaus, with a $29 target price. Stifel Nicolaus cites FQ4 results as verification that Discover is exceeding other credit card companies on numerous fronts, including impressive credit, spending and receivable growth. Stifel recommends DFS as an appealing entry point.

Lender Processing Services (NYSE:LPS) shares have tumbled following Nevada’s AG filing suit against LPS for consumer fraud.

Following an announcement of pricing on $175 million of its convertible senior notes, Amtrust Financial Services (NASDAQ:AFSI) has dropped 9.7%. Nearly $169 million in proceeds from the sale are projected, to then be utilized for general corporate purposes.

Investing Insights: Goldman Sachs Loves These 9 Tech Stocks.

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