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Buffett Dumps More BofA Shares As Stake Nears Key 10% Non-Reporting Level:
https://www.zerohedge.com/markets/buffett-dumps-more-bofa-shares-stake-nears-key-10-non-reporting-level
It's a full blown panic and getting worse.
Whooofff Ha Ha Ha ! Told ya BOA got some things crumbling. Look out below. It's Friday... lol you won't know what happened untill Tuesday Ha ha ha !
if Buffett sells ~50M more shares he will go below the 10% ownership threshold of $BAC. At that point he will no longer be required to file promptly disclosures anymore.
In other words, once he goes below 10% he will be able to dump $BAC shares at a faster pace but we will only know the information with a big delay into the next 13-F filing!
That is the proven track record aye?
BOA board members & se staff are in a full all out panic. They see the writting on the wall is way to close now to not panic.
https://www.zerohedge.com/markets/warren-buffetts-bofa-dump-thon-nears-7-billion-questions-swirl-why
These big banks owe everyone is America money. They were bailed out with your tax dollars, then turn around hit you with exorbitant rates, penalties and fees, then further gamble with "your money". These banks will be the ones foreclosing on Americans mortgages while they get bailed out w/ your money. Not to mention being party to the devaluing of everyone's fiat currency (US Dollar worthless).
Moral Hazard:
@SuburbanDrone
BofA came out this morning and said that a soft payroll report is the biggest threat to Tech stocks:
https://finance.yahoo.com/news/bofa-hartnett-says-us-semiconductor-100929983.html
Which is interesting because just a few days ago they said that a strong jobs report is the biggest threat to stocks:
https://aol.com/stock-markets-biggest-risk-week-193425153.html
For bulls, all bases are covered.
lol. Buffet can't get rid of the stock fast enough.
There is more coming. Not about what i will put here but there definitely will be more surprises coming. I have some serious dirt on one of the VP's . Have not released anything yet but lol the threats from him are bit thick. Now I find out he has said I'm not allowed to travel where I please into the Caribbean . He threaten me over text message before I still have the evidence lol! Ha ha ha! What an Idiot! Caught his lawyer dead cold putting false information on a legal instrument & filing it with the County Clerk. My attorney got his attorney to fold fast by dropping my name from the caseload when my informationwas presented to the open court . At that point his attorney told the Judge to drop my name lff the paperwork & that she would no longer be with the firm and walked out. Ha ha ha Bank of America. Yeah those power brokers will stop at noting to get thier way.
Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock?
https://www.zerohedge.com/markets/why-warren-buffett-dumps-billions-worth-bank-america-stock
The only reason stock price has held is because BAC is doing a $25B buyback same time Buffet is dumping shares. -Being propped up
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2024/07/bank-of-america-increases-common-stock-dividend-8--to--0-26-per-.html
BAC Insiders following Warren's lead. Bernard Mensah-President of BACs International Unit just dumped half his shares. I wouldn't be surprised to see him, and the others, dump all the rest of their shares any day now... Meanwhile, they continue to pump while they dump to naive retail. Playing out just like in the movie Margin Call.
What these unscrupulous elitest are doing to the small investor is absolutely disgraceful. And the blind Herd is falling for it.
BREAKING: Warren Buffett sold another $981 million in Bank of America shares.
@GeneralMCNews
Expecting red on Monday. Several banks exposed.
https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f
Exactly, Central Banks are finished or soon will be. They can't keep cooking the books to stay alive. Rothschild's are finished.
Market capitalization, wonder $100 speculating
A while back few dollars , nice run and then back to $25
https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f Expecting red on Monday. Several banks exposed
Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle
https://www.usatoday.com/story/money/2024/08/07/major-banks-under-investigation-zelle-transactions/74704325007/
Bank of America $BAC forecasts a bullish trend for silver, anticipating an increase in prices throuh the latter half of 2024 into 2025. BOFA analysts project #silver prices to average $35/oz by 2026
$SLV
Pretty 52w high------ I bought shares when the FRC/SVB disaster was hot. No magic.
Bank of America remains bullish on silver, sees $35 an ounce by 2026 $BAC
So many banks going to get hit with all these bankruptcies getting ready to take place. Some will be Chapter 13s and 11s, but there will be a few 7's involved also. Not buying any bank stocks yet until everything is cleared up.
Well Im hanging around for a while longer ,as I said back when “I believe there is still more room to climb IMHO. but hey it’s ur $$$ and ur DD.that counts
Yesterday’s free fall in the markets IMHO. was a leveling agent hehehe
GLTA-Ts
What is happening with BAC will be happening with many financial institutions, IMHO. So many loans and credit out there that these institutions will be hammered with them, with many people filing for bankruptcy because the cannot make the required payments. There are even many companies filing for bankruptcy even now. Just my observations over the past few years since new Presidency and the policies implemented.
Gonna hold awhile longer ,I believe there more IMHO
Do ur own DD.
GLTA-Ts 😉
Billion? Goodness
WRONG . You are false !
GOOD GOD!!!!! GLOBAL COLLASPE HAS STARTED!!!!!! PIG TURDS FALLING EVERYWHERE!!!!! MARKET 14K!!!!!!!!!!!!!!!!!!!!! CRASH ALERT!!! MUA HA HA HA HA HA!!!!!!!!!!!!!!!!!!!!
THE GREATEST WORLD COLLASPE IS HERE!!!!! CHINA'S MARKET WILL BRING THE WORLD TO IT FN KNEES!!!!!!!!ITS OVER!!!!! MU HA HA MU HA HA HA!!!!!!
I lost 2.5 billion dollars in BAC in 2008 financial meltdown.. stock dropped from about 57 dollars to about 2.97... I had tons of put options on this POS, and I could not get out in time.. both citigroup and BAC went against my portfolio and killed it...Ken Lewis was rewarded over 400 million dollars to relinquish the job of CEO, and took on the position of BOD chairman...I got nothing from the class action suit later on from BAC, but did get 6500 dollars from the citi class action lawsuit...my claim in the class action lawsuit against BAC was so large with stock and option losses, the lawyers denied my claim......................... they thought it was fraudulent S.O.B.'s..... Lodas
Bank of “The Taxpayers” (America)
I’ll never forget how we taxpayers had to bail this pseudo bank out of its stupidity in home loans. Government control makes it worse.
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Website: https://www.bankofamerica.com/
Corporate Profile
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Corporate Structure
Merrill Lynch & Co., Inc. is a wholly owned subsidiary of Bank of America Corporation.
Website: www.ml.com/US
Debt Profile
Prior to Merrill Lynch's acquisition by Bank of America, Merrill Lynch & Co., Inc. (ML & Co.) was the primary issuer of Merrill Lynch's debt instruments. Debt instruments were also issued by certain subsidiaries. ML & Co. is no longer a primary issuer of new unsecured borrowings under the Bank of America platform. Bank of America has not assumed or guaranteed the long-term debt that was issued or guaranteed by ML & Co. or its subsidiaries prior to the acquisition of Merrill Lynch by Bank of America.
Following the completion of Bank of America's acquisition of Merrill Lynch, ML & Co. became a subsidiary of Bank of America and established intercompany lending and borrowing arrangements to facilitate centralized liquidity management. Included in these arrangements is a $50 billion extendible one-year revolving line of credit that allows Bank of America to borrow funds from Merrill Lynch at a spread to LIBOR that is reset periodically and is consistent with other intercompany agreements. The line of credit matures on January 1, 2014 and will automatically be extended by one year to the succeeding January 1st unless Merrill Lynch provides written notice not to extend at least 45 days prior to the maturity date. There were no amounts outstanding at both March 31, 2013 and December 31, 2012 under this credit facility. There is also a short-term revolving credit facility that allows Bank of America to borrow up to an additional $25 billion. Interest on borrowings under the credit facility is based on prevailing short-term market rates. The line of credit matures on February 11, 2014. At March 31, 2013 and December 31, 2012, approximately $10.7 billion and $16.2 billion, respectively, was outstanding under this line of credit.
_______________________________________________________________________________________________________________________________________________________________________________________
Brian T. Moynihan is the chief executive officer of Bank of America. He was elected to his role by the board of directors on December 16, 2009, and took office on January 1, 2010. Moynihan also is a member of the Bank of America board of directors. Moynihan has led Bank of America’s Global Diversity and Inclusion Council, a group of senior executives from across lines of business, since 2007. Moynihan joined Bank of America in 2004 following the company’s merger with FleetBoston Financial. In 2010, he was elected a trustee of the Corporation of Brown University.
Headquarters:
Bank of America Corporate Center
100 North Tryon Street
Charlotte, NC 28255
Investor Relations:
Tel: 704-386-5681
Fax: 980-386-6699
Updated: 9/13/13
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