Tesla Motors Inc (NASDAQ:TSLA) has seen price targets on its shares multiply since it released its first quarter earnings report earlier in May. Bank of America Corp. (NYSE:BAC) has been consistently bearish on the company, giving it a price target of $36 last week. A new report puts the firm’s hopes a little higher, but not by much. Tesla Motors Inc (TSLA) Stock Prediction Bank of America Corp. (NYSE:BAC) thinks that in twelve months’...
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In response to the news that Tesla Motors Inc (NASDAQ:TSLA) was planning to offer additional shares to the market, Bank of America Corp (NYSE:BAC) released a new report on the company. The BAC report is, as it readily admits, out of consensus, and that’s what really makes it interesting. In a period when analysts seem to be competing on who can give Tesla Motors Inc (NASDAQ:TSLA) the highest price target, some pessimism is refreshing, and...
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Alden Global Capital’s latest 13F filing with the Securities and Exchange Commission indicates that is portfolio was worth $5.8 billion at the end of March. The firm purchased seven new stocks, including Zynga Inc (NASDAQ:ZNGA) and Dell Inc (NASDAQ:DELL), during the first quarter and increased its holdings in two others. It also sold out of four stocks and reduced its holdings in seven others. At the end of the first quarter, the firm’s top...
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Discovery Capital Management’s latest 13F filing with the Securities and Exchange Commission indicates that its portfolio was worth $7.5 billion at the end of the first quarter. The firm bought into 22 new stocks and increased its stake in 28 companies. It also sold off 31 stocks and reduced its position in 20 others. The firm’s top 10 holdings made up just under 40 percent of its value. As of the end of March,...
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Fairholme Capital has filed its 13F for the first three months of 2013 with the SEC this afternoon. For those willing to read it, the full document is available at the SEC website at this link, though there’s a summary of the major changes to the fund’s asset holdings below. In the period, Fairholme saw its 13F portfolio change very little, coming in at $6,947,716,100 at the end of March compared to its December...
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The latest 13F filing of Renaissance Technologies Llc with the Securities and Exchange Commission (SEC) revealed that the amount of its stockholdings was $41,273,211,000 for the first quarter of the current fiscal year. In the previous quarter, the investment management firm’s portfolio was worth $34,334,285, 588. Renaissance Technologies’ New Stockholdings Renaissance Technologies largest new stock acquisition in the first three months of 2013 include Abbvie Inc (NYSE:ABBV) 2,427,900 shares worth $99,009,759, The Boeing Company...
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Carlyle Group LP (NASDAQ:CG) reported a marginal surge in its economic net income for the first quarter of fiscal 2013. The Carlyle group is an investment firm, which primarily deals with direct fund and fund of fund investments. The economic net income for the firm came in at $394 million from the previous year’s corresponding quarter of $392.1 million. The company recorded net income of $1.02 per adjusted unit on a post tax basis for...
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Bank of America Corp (NYSE:BAC), intent on shaking off the string of lawsuits that have been hounding it since the financial crisis, appears to be entrapped in a new legal battle with American International Group Inc (NYSE:AIG). Mariana R. Pfaelzer, a federal judge in California, ruled in favor of AIG saying that the insurer has the right to pursue its fraud claim against BAC, NY Times reports. Bank of America Corp (NYSE:BAC) Committed Fraud The lawsuit alleges that Bank...
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MBIA Inc. (NYSE:MBI) reached a settlement with Bank of America (NYSE:BAC) earlier today. We provided some analysis of the news which pushed up shares of MBIA by 45 percent today. Below is a short summary of the various key points in the settlement via Morgan Stanley. Checking the Box on Lower Litigation Costs w/ MBIA Settlement Better than expected settlement with MBIA Inc. (NYSE:MBI) significantly reduces tail risk. Bank of America Corp (NYSE:BAC)’s cash payment to MBIA...
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Bank of America Corp (NYSE:BAC) and MBIA Inc. (NYSE:MBI) reached an agreement to settle a dispute for $1.7 billion over who will pay for faulty mortgage backed securities issued during the housing boom, eliminating legal questions for both companies. MBIA has sued Bank of America for improper lending practices related to its acquisition of Countrywide Financial. The talks to reach a pact have been ongoing for six months, and the deal was reached over...
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Shares in MBIA Inc. (NYSE:MBI) were some of the biggest movers on the market today after the announcement of a settlement between the company and Bank of America Corp (NYSE:BAC) in a case concerning the financial crisis and losses suffered on mortgage loans. The settlement will see Bank of America Corp (NYSE:BAC) pay MBIA Inc. (NYSE:MBI) $1.6 billion and in return the bank will take a 5 percent share of the insurer. The reports of the...
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