Wed, February 18, 2009
Tue, February 17, 2009
Mon, February 16, 2009
Fri, February 13, 2009
Thu, February 12, 2009
Wed, February 11, 2009
Tue, February 10, 2009
Mon, February 9, 2009
Sun, February 8, 2009
Fri, February 6, 2009
Thu, February 5, 2009
Wed, February 4, 2009
Tue, February 3, 2009
Mon, February 2, 2009
Fri, January 30, 2009
Thu, January 29, 2009
Wed, January 28, 2009
Tue, January 27, 2009
Mon, January 26, 2009
Fri, January 23, 2009
Thu, January 22, 2009
Wed, January 21, 2009
Tue, January 20, 2009
Mon, January 19, 2009
Fri, January 16, 2009
Thu, January 15, 2009
Wed, January 14, 2009
Tue, January 13, 2009
Mon, January 12, 2009
Fri, January 9, 2009
Thu, January 8, 2009
Wed, January 7, 2009
Tue, January 6, 2009
Mon, January 5, 2009
Fri, January 2, 2009
Wed, December 31, 2008
Tue, December 30, 2008
Mon, December 29, 2008
Wed, December 24, 2008
Tue, December 23, 2008
Mon, December 22, 2008
Fri, December 19, 2008
Thu, December 18, 2008
Wed, December 17, 2008
Tue, December 16, 2008
Mon, December 15, 2008
Fri, December 12, 2008
Thu, December 11, 2008
Wed, December 10, 2008
Tue, December 9, 2008
Mon, December 8, 2008
Fri, December 5, 2008
Thu, December 4, 2008

Schaeffer's Street Stories: Bank of America Corporation Shrugs Off a Fresh Price-Target Reduction


//stocks-investing.news-articles.net/content/200 .. n-shrugs-off-a-fresh-price-target-reduction.html
Published in Stocks and Investing on , Last Modified on 2009-01-26 11:43:40 by Market Wire   Print publication without navigation


CINCINNATI--([ BUSINESS WIRE ])--Despite a hefty price-target cut from Goldman Sachs, Bank of America Corporation (NYSE: BAC) has added an impressive 8.8% today. Specifically, Goldman slashed its price target from $35 to $7 and lowered its rating from "buy" to "neutral."

Also hitting newsstands this morning, John Thain, who was forced out of the bank after its acquisition of Merrill Lynch, announced in a farewell memo to Merrill staff that he would reimburse Bank of America for about $1.2 million in money he spent during the past year to renovate his office, 2 conference rooms, and a reception area. The former Merrill chief attracted sharp criticism when the expenses were made public. Thain concluded his memo by thanking staffers, and said, "The expenses were incurred over a year ago in a very different environment. Nonetheless, they were a mistake in the light of the world we live in today. I will therefore reimburse the company for all of the costs incurred."

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/bank+of+america+corporation+shrugs+off+a+fresh+price-target+reduction/observations.aspx?click=home&ID=90740 ]


Publication Contributing Sources