Countrywide stock
Countrywide (CFC): bought by Bank of America 1 Jul 2008. Peak price $45.19 a share (Feb 2007). Final price $4.34 a share (1 Jul 2008). Countrywide and the other defunct companies are on one page, each with its dates, prices and sources.
Key dates and prices
| Ticker | CFC |
|---|---|
| Peak price | $45.19 a share, Feb 2007 |
| Share basis | common shares as traded 2006-2008 (no splits after 2004) |
| Final price | $4.34 a share, 1 Jul 2008 (stock deal value at close) |
| What happened | Bought by Bank of America, 1 Jul 2008 |
| Checked | 27 Sep 2026 |
What happened
Angelo Mozilo co-founded Countrywide about 40 years before its sale.
In 2007 Countrywide made $408 billion in mortgage loans and serviced about 9 million loans worth $1.5 trillion.
In August 2007 Bank of America put $2 billion into Countrywide for a 16 percent stake.
In October 2007 it reported a $1.2 billion third-quarter loss, its first quarterly loss in 25 years.
Countrywide shares fell nearly 79 percent in 2007.
On Jan 11, 2008 Bank of America agreed to buy it for 0.1822 BofA share per share, about $4 billion or $7.16 a share.
When the deal closed on Jul 1, 2008, the falling BofA stock price had cut its value to about $2.5 billion.
Cause: Mortgage losses, sold to BofA. Lent $408 billion in 2007. Sold to BofA in 2008.
What was the ticker symbol for Countrywide stock?
Countrywide traded under the ticker CFC. Countrywide: bought by Bank of America 1 Jul 2008.
What was the peak price of Countrywide stock?
The peak price was $45.19 a share, in Feb 2007. Share basis: common shares as traded 2006-2008 (no splits after 2004).
What was the final price of Countrywide stock?
The final price was $4.34 a share, on 1 Jul 2008 (stock deal value at close). Countrywide: bought by Bank of America 1 Jul 2008.
Checked 27 September 2026. History, not advice.
Sources: sec.gov, web.archive.org, web.archive.org, sec.gov, sec.gov