Tag Archive for ‘AA’ 
What’s that Fannie Mae up to?
According to a report by the Wall Street Journal, Bank of America Corporation (NYSE: BAC) reached an agreement to sell a portion of its home loan portfolio to government sponsored mortgage giant Fannie Mae (OTC: FNMA). The Journal reported that Bank of America agreed to sell a pool of 400,000 loans to Fannie last Friday. Fannie is said to have - Continue Reading »
Alcoa plunges on Revenue Miss; Pricing Momentum could Trigger Upturn
Alcoa Inc. (NYSE: AA) shares dropped more than 4% after the aluminum producer posted first-quarter revenue that felt short of market expectations. The revenue miss contrasts the double-digit growth in demand and strong aluminum prices during the first quarter of 2011, but is a logical consequence of a bunch of upward revisions in 2011 result estimates that analysts carried over - Continue Reading »
