4 Financial Stock Stories To Take To The Bank

Bank of America Corporation (NYSE:BAC): Current price $12.18

When the Consumer Financial Protection Bureau made public its database of financial complaints by consumers recently, it was found that 29 percent of  the messages were repated to Bank of America, and the mjority of those had to do with mortgages. In total, consumers filed 51,000 mortgage complaints with the CFPB by April 1 and approximately 15,000 of them are associated with BofA. For its part, the bank responded that “We have been intensely focused on improving the process for our mortgage servicing customers and, importantly, virtually all (98 perecent) of the mortgage-related files received from CFPB since the process was initiated have been closed.”

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BAC

Citigroup (NYSE:C): Current price $44.02

On Monday, a Manhattan federal judge indicates that he will not automatically sign off on Citigroup’s proposed $590 million resolution of a shareholder lawsuit accusing it of concealing tens of billions of dollars of toxic mortgage assets. United States District Judge Sidney Stein asked lawyers for the bank and its shareholders to address several matters at a fairness hearing set for April 8, including requested legal fees and expenses of around $100 million, and the lack of payments by former Citigroup executives. Neither party had commented on the situation Late Monday.

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C

Goldman Sachs Group (NYSE:GS): Current price $146.81

The Goldman Sachs senior physical metals trader Scott Evans has exited the bank in New York, thus becoming the second high-profile member of the physical base metals team to leave since mid-March, said sources to Reuters. Evans left nearly three years after he was recruited to set up the bank’s physical base metals trading desk, which marked a move into physical trading as part of its endeavors to avert the impact of tighter regulation. A spokesman for the bank would not comment.

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GS

Security National Financial Corporation (NASDAQ:SNFCA): Current price $8.82

The corporation has posted its financial results for the year ended December 31, with revenues of $234,260,000, pre-tax earnings from operations increased from a gain of $1.237 million in 2011 to a eye-popping gain of $21.351 million in 2012. Net after tax earnings for the twelve month period skyrocketed by 1,187 percent from $1,299,000 to $16,713,000.

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SNFCA

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