There's never a dull moment on Wall Street. Next week brings a Xoom-related media event from Verizon and Motorola Mobility, as well as fourth quarter results from Apple and several of the country's biggest financial institutions.
It's been awfully quiet on the earnings front in recent weeks, and there's a reason: This is the time of year when accountants are nailing down the financials for the fiscal quarters that ended in September. Later this week, the conference calls will begin trickling in, and then it will be a deluge of quarterly reports until early November.
"The largest loss in Bank of America's history." That's the sound bite from the bank's second quarter earnings report, which disclosed an $8.8 billion bottom-line loss. But now that BOA is atoning for its mortgage-related sins, there's a chance its stock may be undervalued.