Sunday, January 25, 2015 1:57:38 PM
Trading picked up in the first 2 weeks of Jan and they didn't expect that to slow anytime soon.
Goldman Sachs big upgrade to 18.
The bad
Government is hell bent on dismantling TBTF banks.
Elizabeth Warren a Dem from MA has repeatedly stated she will sink these banks. She looks to be running for higher office in 2016.
With most pubs in place a recent attempt to scale back a portion of the Dodd Frank law was turned down by 6 votes (killer IMHO).
As BAC and other TBTF continue to layoff employees do to stricter rules and regs it just gives the government more ammo to make them out as BAD BAD BAD banks.
Lots of Dems were voted in due to there stance on Bad bad banks. Until that view is changed few people have interest in owning the equity in these TBTF.
No interest in relaxing the money robbing rules and regs and now with the GSE's wanting banks to reduce required money down to 3 % and BAC refusing I think is a huge slap in the Guv's face. How will they react to that slap. Seems Assured got bac back on Dec 31 2014 in which was the beginning of a 3 + point drop in PPS.
Very negative press and PR IMHO will make it hard to ever see a True Book value now in the twenty one range.
I also worry what ever shrinking PPB oil is going to do to deflation and ruining any chance the Feds will ever raise rates. IMHO don't think the feds would ever raise rates until after the 2016 election anyway since the government has raised the deficit to the point we could never pay the higher interest on the money owed anyway. It's always best to pass along the mess to another party than to try and clean up it's mess from the person who created it.
Recent BAC News
- Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024 • PR Newswire (US) • 09/18/2024 08:15:00 PM
- Bank of America Announces Redemption of $2,000,000,000 0.981% Fixed/Floating Rate Senior Notes, Due September 2025 • PR Newswire (US) • 09/17/2024 08:15:00 PM
- The Masters Tournament Welcomes Bank of America as Champion Partner • PR Newswire (US) • 09/17/2024 02:07:00 PM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Bank of America Announces Redemption of $1,750,000,000 3.093% Fixed/Floating Rate Senior Notes, Due October 2025 • PR Newswire (US) • 09/16/2024 08:15:00 PM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- BofA Raises U.S. Minimum Hourly Wage to $24, Increasing Starting Salary to Nearly $50K • PR Newswire (US) • 09/10/2024 09:55:00 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
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- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Inaugural U.S. Latina GDP Report Finds Latinas Contribute $1.3 Trillion in GDP • PR Newswire (US) • 08/26/2024 06:30:00 PM
- Walmart Sells JD.com Stake, Microchip Suffers Cyberattack, Union Pacific Warns of Strike in Canada, and Latest News • IH Market News • 08/21/2024 12:12:11 PM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Bank of America Announces Redemption of €1.5 Billion of Floating Rate Senior Notes, Due August 24, 2025 • PR Newswire (US) • 08/16/2024 11:00:00 AM
- Deutsche Bank Faces Shareholder Backlash, Bank of America Sponsors 2026 World Cup, Quanterix CEO Buys More Shares • IH Market News • 08/16/2024 10:03:21 AM
- FIFA announces Bank of America as Official Bank Sponsor of FIFA World Cup 26™ • PR Newswire (US) • 08/15/2024 02:07:00 PM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More • IH Market News • 08/13/2024 09:43:49 AM
- Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More • IH Market News • 08/12/2024 09:46:16 AM
- Bank of America Announces Redemption of CAD500,000,000 3.407% Fixed/Floating Rate Senior Notes Due September 2025 • PR Newswire (US) • 08/08/2024 08:15:00 PM
- Nasdaq Private Market Adds Bank of America to Consortium of Investors • GlobeNewswire Inc. • 08/08/2024 12:30:00 PM
- Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback • IH Market News • 08/08/2024 09:48:43 AM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM