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BrianMoynihan posts

Closing Bell: 2010 Off to Launch (BAC, BFRM, GOOG, AAPL, INTC, GE)

Posted Jan 4th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Google (GOOG), Apple Inc (AAPL), General Electric (GE), Bank of America (BAC)

The markets got off to a strong start for 2010. The Institute of Supply Management reported stronger manufacturing gains in December, and that just added gravy on top of what had already been strength from overseas markets. The November construction spending was down 0.6% in November, but there may be more seasonality with that than what was seen before. Major European markets were all up over 1.5% to kick off 2010 while Asian markets were mixed to slightly higher.

Dow 10,583.96 +155.91 (1.50%)
S&P 500 1,132.99 +17.89 (1.60%)
Nasdaq 2,308.42 +39.27 (1.73%)

Top Analyst Upgrades/Downgrades
Top DJIA Stock Picks for 2010

Continue reading Closing Bell: 2010 Off to Launch (BAC, BFRM, GOOG, AAPL, INTC, GE)

Cramer on BloggingStocks: BofA Got It Right on Moynihan

Posted Dec 17th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Management, Market Matters, Bank of America (BAC), Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says his conservative approach is just what this bank needs.

I like Brian Moynihan. I have wanted him from the get-go. Not because he is a lawyer -- that hasn't been much of a boost for others in banking (sorry Chuck Prince!). And not because he is an insider, although I think learning this story would be darned hard for an outsider.

I've liked him because he is from Fleet, the part of Bank of America (BAC) (Cramer's Take) from New England; Fleet is the least risky, most conservative portion of the bank. Fleet was a bank I loved. It gave you an amazing return and did it in a simple, conservative way: good banking.

Continue reading Cramer on BloggingStocks: BofA Got It Right on Moynihan

Former Bank of America director says give CEO job to insider

Posted Nov 11th 2009 3:00PM by Zac Bissonnette (RSS feed)
Filed under: Bank of America (BAC)

And now we're back with more from the "Who the hell cares what he thinks?" file:

Former Bank of America (NYSE: BAC) lead director Temple Sloan tells Bloomberg that the company should pick an insider from Bank of America to be its next CEO -- because an outsider wouldn't be familiar with how the company (doesn't) work. He supports handing the job to Brian Moynihan, consumer banking head, or Barbara Desoer, who runs home loans and insurance.

Interesting ideas! Why isn't Mr. Sloan still on the board of directors?

Continue reading Former Bank of America director says give CEO job to insider

Cramer on BloggingStocks: Moynihan's the man for BofA

Posted Oct 1st 2009 8:25AM by Jim Cramer (RSS feed)
Filed under: Management, Market Matters, Bank of America (BAC), Goldman Sachs Group (GS), Wells Fargo (WFC), Cramer on BloggingStocks

From TheStreet.com Network

TheStreet.com's Jim Cramer says Brian Moynihan's job running BofA's consumer banking unit makes him the odds-on favorite.

My bet: Brian Moynihan. That's who I would appoint to be the head of Bank of America (NYSE: BAC) (Cramer's Take).

When all is said and done, Bank of America must become the best consumer bank in America in order to make the acquisitions work, and Moynihan's job, his experience running consumer banking, to me makes him the odds-on favorite.

Continue reading Cramer on BloggingStocks: Moynihan's the man for BofA