Bank of America's current management team has allowed the firm to have possibly the strongest capital position among major U.S. banks, says Oakmark's Bill Nygren.
Morningstar markets editor Jeremy Glaser highlights some must-dos in 2013 for banks, Blackberry devices, frazzled investors, and corporate America's balance sheets.
Bank of America Corp.'s brokerage arm and JPMorgan Chase & Co.'s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.'s Mike Mayo.
Bank of America agreed to pay $62.5 million to resolve investor claims that the bank's directors mishandled the acquisition of Merrill Lynch & Co., company officials said.
The National Committee for Responsive Philanthropy has issued a highly critical report on the performance of the corporate foundations of Bank of America, Goldman Sachs, Wells Fargo and JPMorgan Chase.