SureTrader Advertisement PRTC
Home > Boards > US Listed > Banking and Finance > Bank of America Corp. (BAC)

I doubt it too..............

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
altruism Member Profile
 
Followed By 125
Posts 9,153
Boards Moderated 3
Alias Born 11/02/09
160x600 placeholder
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/5/2016 5:49:35 PM
Institute for Economic Empowerment of Women & Bank of America Announce Partnership to Advance Women Entrepreneurs in Rwanda &... "Business Wire" - 5/5/2016 11:00:00 AM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/4/2016 2:20:16 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/4/2016 1:20:50 PM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/4/2016 11:55:15 AM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/4/2016 10:11:58 AM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/4/2016 6:12:37 AM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/4/2016 6:12:37 AM
Seven Banks Agree to Settle ISDAfix Suit -Reuters "Dow Jones News" - 5/3/2016 8:49:00 PM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/3/2016 3:08:58 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/3/2016 1:35:42 PM
Bank of America Is a Leader in First-Ever Bloomberg Financial Services Gender-Equality Index "Business Wire" - 5/3/2016 12:00:00 PM
Bank of America Survey Finds Small Business Owners’ Confidence Down While Election-Year Anxiety Rises "Business Wire" - 5/3/2016 9:00:00 AM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 5:17:21 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 4:45:17 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 4:24:03 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 4:21:56 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 4:17:06 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 5/2/2016 4:17:04 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 4:08:49 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 3:48:03 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 3:08:08 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 3:05:10 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/2/2016 2:20:35 PM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 4/29/2016 6:20:37 PM
altruism   Tuesday, 01/08/13 01:46:08 AM
Re: JJ8 post# 13842
Post # of 18925 
I doubt it too..............
Quote:

The fact is that C is actually a $4.247 stock (due to a 1-10 Reverse Split) versus BAC's $12.09
The question that comes to mind: Is BAC really worth almost 3 times the price of C? I doubt it!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83160027


That's some interesting math there sir.... usually when we compare companies vis–a–vis we use market capitalization....
C 2.9 Billion shares outstanding X $42.47 gives us a market cap. of $124.5 Billion
BAC 10.8 Billion shares outstanding X $12.09 gives us a market cap. of $130.3 Billion

Wall Street and global investors value BAC at about $5.8 Billion "worth" more than C which is perhaps a more realistic value than the $373.5 billion (BAC value (market cap X 3)) "worth" that your suggesting (C when it was a $4.247 stock had 29 billion shares outstanding.... which just by coincidence was almost 3 times greater than BAC shares outstanding and why C was only $4 stock)
Remember when we undo the reverse split of 10 for 1 we have to return C to it's original share structure to get the correct value.... wink

SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist