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RealMoney Radio Mailbag: Bank of America Not the Best

RealMoney Radio Mailbag: Bank of America Not the Best Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here. How do you feel about Bank of America (BAC:NYSE - commentary - research - Cramer's Take)? James J. Cramer: I like Bank of America here, but I would rather see investors in JP Morgan Chase (JPM:NYSE - commentary - research - Cramer's Take) or Wells Fargo (WFC:NYSE - commentary - research - Cramer's Take), which I own for

Bank of America may cut up to 400 U.K. jobs

Bank of America may cut up to 400 U.K. jobs Bank of America Corp. could cut as many as 400 jobs in the United Kingdom as part of its Jan. 1 acquisition of MBNA Corp., the Charlotte bank told employees in that country last week.To meet regulatory requirements, Bank of America told workers it could eliminate 100 to 400 positions, 250 of which are currently vacant, spokeswoman Alex Liftman said. The jobs wouldn't be cut until spring. Bank of America has said it plans to eliminate 6,000 positions as part of its takeover of the credit card issuer, but has given few

Bank of America completes acquisition

Bank of America completes acquisition Bank of America Corp completed its acquisition of MBNA Corp in a deal worth about $US34.2 billion ($A46.77 billion), the second-largest US bank said. Bank of America now has 40 million active credit card accounts on its ledger, making it one of the leading worldwide payments-services companies and issuers of credit, debit and prepaid cards based on total purchase volume. "Today marks the start of an exciting new era for Bank of America in credit cards," said Kenneth Lewis, chairman and chief executive officer. "The combination of Bank of America's distribution platform and customer base with MBNA's products, affinity

Bank of America to cut online stock trade fees

Bank of America to cut online stock trade fees Bank of America Corp.'s retail brokerage unit said on Thursday that it was cutting online stock-trading fees for customers by up to 75 percent, to as low as $5 a trade. Investors with Bank of America (BAC.N: Quote, Profile, Research) checking accounts can now buy or sell shares online for $7 or $10 a trade, depending on the type of checking account they have. Affluent clients using Bank of America's wealth management services can now make trades for $5. Customers who only have a relationship with Bank of America Investment Services online can make trades

Bank of America to post a gain

Bank of America to post a gain A restatement of Bank of America Corp.'s financial results as far back as 2002 would result in a net gain of $345 million, the company said Wednesday. The changes were made to bring statements into line with the Statement of Financial Accounting Standards 133 for derivatives transactions. The restatements affect the full year 2002 plus quarterly and annual periods in 2003, 2004, and 2005. Bank of America's shares rose 41 cents to $44.96. Charlotte, N.C.-based Bank of America (BAC : bank of america BAC45.08, +0.53, +1.2%) said the restatement would increase shareholders equity by