BofA (BAC) Q1 Earnings Up Y/Y, Expenses Decline

Have you been eager to see how Bank of America Corporation (BAC) performed in Q1 in comparison with the market expectations? Lets quickly scan through the key facts from this Charlotte-based one of the worlds largest financial institutions earnings release this morning:

An Earnings Improvement

BofA came out with earnings per share of 27 cents, significantly up from the loss of 5 cents per share in the prior-year quarter. The Zacks Consensus Estimate was 29 cents per share.

Results improved on a year-over-year basis due to reduction in non-interest expenses.

How Was the Estimate Revision Trend?

You should note that the earnings...

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From sultan’s bling to Lincoln redo

Lucas graduated from the College for Creative Studies in Detroit in 1994. He first got a job with auto seat-maker Lear Corp. and later moved back to Texas to design the sultans aircraft interiors. Despite the opportunity to outfit the jets, Lucas felt a call to return to Detroit and work on cars. Ford hired him in 1999 to design exteriors and interiors.

One of his biggest projects came as the automaker fought for its life.

In 2009, Ford was slashing jobs and closing plants as it struggled to avoid bankruptcy. It had recently hired CEO Alan Mulally from Boeing to help in the turnaround.

Mulally had decided to revive Fords Taurus sedan that was discontinued in 2006 amid...

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Money Matters: How to make the most out of your tax refund

Connect with Ashley Claster on herFacebook pageandTwitter!

After youve filled out the forms and turned in the paperwork comes the best part of tax season for many people: the refund. IRS reports the average tax refund so far this year is nearly $2,800.

The fact is most tax refunds, on average, are equivalent to about two paychecks, said Troy Sutton, CEO of Sutton Financial Group. So we get this tax refund and were like, yeah! But the reality is you worked hard for that money. You worked hard for that and you gave it to Uncle Sam. Uncle Sam kept it for no interest.

Before you go out shopping, its important to have a plan for your money. One great option is using your refund...

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Excerpts from recent editorials in Illinois newspapers

April 11, 2015

The (Joliet) Herald-News

After election, dont forget the public

To those who came up short in (the April 7) election, thank you for being willing to serve and putting your name before the voters.

We hope that if circumstances are right in the future, you will try again. Voters benefit from having options; communities benefit when there are multiple people on the ballot putting forth ideas.

Congratulations to those candidates who received enough votes to win. Whether you have been elected for the first time or have won a new term, whether you faced an opponent or not, once your new term begins you will be holders of the publics trust.


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People’s United Financial Reports First Quarter Net Income Of $0.20 Per Share …

BRIDGEPORT, Conn., April 16, 2015 /PRNewswire/ –Peoples United Financial, Inc. (NASDAQ: PBCT) today reported net income of $59.2 million, or $0.20 per share, for the first quarter of 2015, compared to $53.1 million, or $0.18 per share, for the first quarter of 2014, and $64.7 million, or $0.22 per share, for the fourth quarter of 2014. Operating earnings were $63.2 million, or $0.21 per share, for the first quarter of 2015, compared to $56.5 million, or $0.19 per share, for the first quarter of 2014, and $65.1 million, or $0.22 per share, for the fourth quarter of 2014.

The Companys Board of Directors voted to increase the common stock dividend to an annual rate of $0.67 per share....

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Money Matters: Pat Dorsey explains why moats matter

For decades, Warren Buffett has invested in companies with protective moats that are wide and deep.

Buffetts reasoning is logical. Businesses with significant moats are able to withstand the shock of a 2008 type downturn, they require less trading, are more tax-efficient and can be held for decades.

To help my Texas Lutheran University students understand the moat idea better, I called upon Pat Dorsey, president of Dorsey Asset Management.

During the past 20 years, Dorsey has become the authority on protective moats. He has written two books outlining what to look for and how to assess them.

Both The Little Book That Builds Wealth and Five Rules...

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Are There Alternatives to Bankruptcy?

If it feels like your debt is getting out of control, you may start to think that bankruptcy may be your only option. And while bankruptcy could end up being the best solution for you, depending on the severity of your situation, there might be an alternate route that you could take to solve your financial difficulties.

Debt Management Options to Explore

The most important thing to remember is that, no matter what actions you take towards eliminating debt, doing something is a much better plan than doing nothing. Your debt is guaranteed to not go away on its own.

  • Can you reduce your expenses? Luxuries like cable TV and regular salon visits should be the first things...
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Austerity and Anger: Protests Against Syriza’s EU Deal

On January 25, the leftist party Syriza emerged victorious in Greeces national elections. Days later, Alex Tsipras, the new 40-year-old prime minister, formed a coalition government with a strong mandate to renegotiate Greeces bailout terms and reduce its large debt pile, built up over the five-year financial crisis.

Tsipras and his team then engaged in bitter negotiations with the countrys international lenders. Athens sought to scrap the harsh measures attached to the bailout by describing the plight of austerity-hit Greeks as a humanitarian crisis. On February 20, a deal was clinched. The countrys loan agreement was extended by four months, giving Greece more breathing space to negotiate...

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Capitol recap: how would pensioners be treated in a municipal bankruptcy?

Short answer: it depends on the judge.

Some legal scholars have long held that a bankruptcy judge can cut pension benefits because that’s a debt adjustment–not a contract-impairing law, which is banned by the state constitution. Case law has expanded that constitutional prohibition as one on “statue, ordinance or other, similar action” infringing on a contract.

But the question comes up again in Pennsylvania withthe state Auditor General’s bankruptcy predictions for the city of Scranton, based on projected exhaustion of city pension funds within five years.Public officials facing rising pension costs–both short-term and long-term–say...

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Tidewater – Historical Fundamental Analysis (TDW)

In our previous article we spoke about our overall recommendation to buy Tidewater (NYSE:TDW). This is an analysis of the historical fundamental performance of TDW and represents the start of our due diligence into various aspects of TDW. The aim of this article is to establish if TDWs historical fundamentals make it an attractive stock to hold.

The following 3 articles will look into the OSV industry pressures and competitive environment as a whole, the relative valuation of TDW to its true peers and finally any technical aspects impacting the trading environment.

Fundamental Ratios: Tidewater can survive the coming storm

Most importantly we wanted to establish if Tidewater...

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