Friday, January 20, 2012

Morning roundup: Has BofA learned its lesson?

Here's a look at this morning's banking and finance news:

  • As Bank of America reported fourth-quarter earnings, chief executive Brian Moynihan showed he has learned a few lessons, the Wall Street Journal writes. (Read about the bank's fourth-quarter profit here.)
  • A Motley Fool analyst offers another look at the bank's performance, posing the question, "Is Bank of America Back?" He's bullish on the bank, he writes on AOL's DailyFinance, but acknowledges hurdles remain.
  • Reuters examines top Justice Department officials' connections to big banks embroiled in the foreclosure crisis.
  • A weak year for investment banks suggests a new normal on Wall Street. The New York Times discusses whether it's a result of temporary pressure or permanent change.
  • Stock markets were set for a lower open on Friday amid weaker-than-expected quarterly results at Google Inc., American Express Co. and other companies, Bloomberg reports.