Bank Of America Adds Nearly $1 Billion To Its Bottom Line

By Todd Sullivan: I said it before and it bears repeating, Brian Moynihan could get up out of his chair in Charlotte, WALK up the Atlantic ocean to NYC and the newspapers would write, “Brian Moynihan can’t swim..”. Either that or they would say “Moynihan’s afraid to fly". Either way the central point is missed.

ByJosh Arnold:Bank of America (BAC) has had some very well publicized issues since the financial crisis. Among them, the company lost enormous sums of money in the aftermath of the crisis but has since rebounded strongly even amid staggeringly expensive legal issues. Apart from that, CEO Brian Moynihan and the management team have made a concerted effort at turning BAC around, an initiative referred to as Project New BAC.

Investors love , but analysts have a different opinion after the company recently missed on second quarter earnings. This Zacks Rank #5 (Strong Sell) saw a loss in the quarter leaving many to ask: when will Amazon make money? Amazon.com has its hands in many businesses. It is one of the Internet's largest retailers, a media company with publishing and video content, and a technology company with tablets, e-readers and cloud, among other things. The company really can't be labeled in one category anymore. It is certainly more than just a book seller.

ByRyan Brennan:As the Federal Reserve continues to stress test banks and complete the Comprehensive Capital Analysis and Review process, various banks are being given the green light on their capital plans. While some of these capital plans include increasing dividends on common stock or beginning a share repurchase program, others include redeeming Trust Preferred Stock (TruPS) that will no longer be treated at Tier 1 Capital.

Polypore International, Inc. (PPO) reported its third consecutive earnings miss on February 20, driven by a 6% decline in sales. This prompted analysts to revise their estimates for both 2013 and 2014 significantly lower, sending the stock to a ZacksRank #5 (Strong Sell). Despite the negative earnings momentum, shares still trade at a premium on a forward price-to-earnings and price-to-book basis. This doesn't bode well for shares over the next several weeks.

As had been widely expected, days before a National Mortgage/Foreclosure settlement is formally announced, the most exposed banks have started tying up the loose ends with the other nationalized entities. Sure enough, moments ago Bank of America just announced a $10 billion settlement with one of the GSEs - Fannie, whose CEO Tim Mayopoulous was BofA's former General Counsel and one of the people scapegoated by Ken Lewis.

By Qineqt:On November 1, 2012, American International Group (AIG) reported (pdf) performance for its third quarter, which topped analysts' consensus expectations by 12%. AIG reported a bottom line of $1 per share against consensus mean expectation of $0.88 per share.

Zacks.com submits: Amazon.com (AMZN) reported first quarter earnings that beat the Zacks Consensus by 6.45%. The positive earnings surprise was less than in prior quarters, as estimates were already adjusted to reflect pre-recession type growth.