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News >> USA >> Countrywide Financial Countrywide jumped 8% on Bank of America Stock Purchase 24 August 2007 View information about Countrywide Financial, news and price targets. Bank of America has made a solid investment in the largest USA mortgage lender Countrywide Financial. BofA paid $2 billion for preferred shares in Countrywide, which may be converted into common stock for $18 a share and would amount to a 16% stake in Countrywide. Among other Countrywide’s share holders are Axa (11%), Legg Mason (8,7%), Barclays Global Investors (8,5%). “Bank of America’s investment in Countrywide represents a vote of confidence and strengthens our balance sheet, enabling us to position Countrywide for future growth and success,” Angelo R. Mozilo, Countrywide’s chairman and chief executive, said. “We hope this investment will be a step toward a return to a more normal liquidity in the mortgage markets,” said Kenneth Lewis, Bank of America’s chief executive. “In the current turmoil the stock market has been underestimating the value in Countrywide’s operations and assets.” Freddie Mac reported net loss of $2 billion in 3rd quarter, 21 November 2007 Microsoft reports 23% profit growth for the quarter ended September 30, 2007, 26 October 2007 Countrywide posts $1.2 billion loss, but stocks jump on improving outlook, 26 October 2007 Verint Systems price target reduced, 7 December 2007 Thomas Weisel upgraded Intel to "overweight", 6 December 2007 UBS upgraded price target on Exxon Mobil to $96, 21 November 2007 Nokia's operating margin will raise to 17% over the next to two years, 5 December 2007 Dexia 3rd quarter profit falls 28%, 19 November 2007 J.P. Morgan raised price target on Bayer to 75 euros, 12 December 2007 Panmure Gordon maintains "hold" recommendation on Cadbury Schweppes, 12 December 2007 Societe Generale Securities recommends to "buy" PSA Peugeot Citroen, 11 December 2007 Analyst meeting notes - Transport Corporation of India, 13 June 2008 Company report: Temptation Foods, 6 June 2008 Analyst meet notes - Provogue India Ltd., 6 May 2008 Keynote Capitals maintain "buy" recommendation on Pyramid Saimira Theatre, 5 February 2008 Keynote Capitals recommends to buy Euro Ceramics Ltd., 5 February 2008 Keynote Capitals recommends to buy Pyramid Saimira Theatre, 13 December 2007 On first day of trading Bank of Beijing stock rises 81%, 20 September 2007 Morgan Stanley: price target on China Shenhua Energy is 58 hkd, 11 December 2007 Morgan Stanley raised its price target on China Coal Energy to 27 hkd, 11 December 2007 Price traget on China Energy has been raised to 3.03 singapore dollars a share, 5 December 2007 VTB decided to increase dividends, 13 December 2007 Lukoil published results for the 3rd quarter and first 9 months of 2007, 13 December 2007 Renault bought 25% stake in AVTOVAZ, 10 December 2007 JP Morgan: recommendation on X5 Retail Group is "underweight", 30 November 2007 Merrill Lynch downgrades UES target price 6%, 7 September 2007 Credit Suisse raised price target on Braskem to 22 reals, 4 December 2007

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