Banking Updates: Bank of America Corp (BAC) & JPMorgan Chase & Co (JPM) on Mortgage Settlement Obligations, Wells Fargo & Co (WFC)’s Put and Call Options

Editor’s Note: Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Co (NYSE:WFC)

B of A, JPM Report Fulfilling Mortgage Settlement Obligations (American Banker)
Bank of America Corp (NYSE:BAC) and  JPMorgan Chase & Co (NYSE:JPM) are the latest servicers to say they have fulfilled their obligations related to the national mortgage settlement. The five servicers covered by the deal say they have provided more than $50 billion in consumer relief, double what was required.

Wells Fargo & Co (NYSE:WFC)

Interesting WFC Put And Call For September 27th (Forbes)
Investors in Wells Fargo & Co (NYSE:WFC) saw new options begin trading today, for the September 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WFC options chain for the new September 27th contracts and identified one put and one call contract of particular interest.

Bank of America Corp (NYSE:BAC) – Moody’s Considerations And Its Impact (Avauncer)
Bank of America Corp (NYSE:BAC) is a financial institution which provides various banking, investing, asset management and other financial products and services to individual consumers, small and middle market businesses, corporations, and governments in the United States and internationally. Through its various business segments like Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Banking, Global Markets and Global Wealth & Investment Management (GWIM) the Company provides a range of financial services and products. The company was established in 1874 and is based in Charlotte, North Carolina.

Bank Stocks Weather a Shower of Pink Slips and Fines (The Motley Fool)
The banking-sector news grabbing headlines today is the announcement by Wells Fargo & Co (NYSE:WFC) that it will lay off around 2,300 of its employees, a consequence of the inevitable cooling of the mortgage refinancing market. According to fresh data from the Mortgage Bankers Association released yesterday, last week the volume of applications to refinance dropped by 8% on merely a week-over-week basis.

Opportunity Knocks, Timing Is Everything With C, BAC, HAL and MSFT (Market Wired)
Moments ago, Equity-Plays.com released another issue of its world-class newsletter in which it took time to review and explain some of the most talked about situations on wall street today. Give yourself an advantage in today’s market. In order to become successful, you need to have information as it happens and understand how it plays out into future stock price. This is our expertise.  Did you want to hear about Bank of America Corp (NYSE:BAC) at $5.17 on November 25th, 2011? Our next alert is due to be released at a moment’s notice, subscribe to www.Equity-Plays.com/index.php?d=2013-08-23&s=BAC to catch our next 300% alert. Give yourself the opportunity to turn $10,000 into $40,000 and kick-start your portfolio.

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