Stock Investment Blog|Journal of Stock Investments|Portfolio

NEW YORK (MarketWatch) — Standard & Poor’s Equity Research on Friday downgraded
shares of Bank of America Corp. to sell from hold amid worries about the mortgage
portfolio the bank will inherit when it acquires lender Countrywide Financial
Corp. on July 1. “We take unfavorable note of the large Countrywide
option-adjustable rate mortgage portfolio that Bank of America will [...]

US Bank Shrs Fall; More Div Cuts, Capital Increases Seen
US Bank Shrs Fall; More Div Cuts, Capital Increases Seen
Last Update: 6/13/2008 10:31:20 AM
NEW YORK (Dow Jones)–KeyCorp (KEY) likely won’t be alone in cutting its dividend
and raising capital, analysts at Goldman Sachs said Friday. They estimate there
is another $65 billion in capital raising coming at U.S. [...]

Posted by Heidi N. Moore
Lehman Brothers Holdings Inc. (LEH) has, so far, done everything right in order
to prevent an extended market panic: it announced its earnings early, came clean
about its first loss as a publicly traded company and showed it could be
well-capitalized by raising $6 billion in new capital: $4 billion [...]

Merrill Lynch: Countrywide Losses Likely $10B-$12B -CNBC
Last Update: 6/4/2008 10:05:12 AM
DOW JONES NEWSWIRES
Merrill Lynch & Co (MER) said Countrywide Financial Corp.’s (CFC) cumulative
losses are likely to rise to between $10 billion to $12 billion, CNBC reported
Wednesday. The losses will force similar mark-to-market writedowns for buyer Bank
of America Corp. (BAC), said Merrill. Merrill Lynch kept its [...]

SEC: Bank Of America Registration For Countrywide ‘Effective’
Last Update: 5/29/2008 7:11:03 AM
DOW JONES NEWSWIRES
The Securities and Exchange Commission said Thursday it declared effective a
registration of 132.8 million shares of Bank Of America Corp. (BAC) to be issued
under the company’s proposed merger with Countrywide Financial Corp. (CFC).
Earlier this year, Bank of America agreed to purchase troubled [...]