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 9,154
Boards Moderated 3
Alias Born 11/02/09
160x600 placeholder
Court Tosses Crisis-Era Fraud Fine -- WSJ "Dow Jones News" - 5/24/2016 3:02:00 AM
Appeals Court Throws Out $1.27 Billion Penalty Against BofA -- 3rd Update "Dow Jones News" - 5/23/2016 7:52:00 PM
Appeals Court Throws Out $1.27 Billion Penalty Against BofA -- 2nd Update "Dow Jones News" - 5/23/2016 4:25:00 PM
Civil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- 3rd Update "Dow Jones News" - 5/23/2016 3:13:00 PM
Civil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- 2nd Update "Dow Jones News" - 5/23/2016 2:53:00 PM
Civil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- Update "Dow Jones News" - 5/23/2016 2:04:00 PM
Civil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- Update "Dow Jones News" - 5/23/2016 1:35:00 PM
Civil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case "Dow Jones News" - 5/23/2016 1:30:00 PM
Civil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case "Dow Jones News" - 5/23/2016 1:22:00 PM
Appeals Court Throws Out $1.27 Billion Penalty Against BofA -- Update "Dow Jones News" - 5/23/2016 12:51:00 PM
Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America "Dow Jones News" - 5/23/2016 12:40:00 PM
Appeals Court Throws Out $1.27 Billion Penalty Against Bank of America "Dow Jones News" - 5/23/2016 12:24:00 PM
U.S. Trust Study Finds Entrepreneurs Choose Career Path of Most Resistance "Business Wire" - 5/23/2016 9:00:00 AM
U.S. Trust Study Finds 10 Common Success Traits for Building and Sustaining Wealth "Business Wire" - 5/23/2016 9:00:00 AM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/23/2016 6:05:41 AM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/20/2016 4:31:19 PM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) "Edgar (US Regulatory)" - 5/20/2016 1:54:30 PM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/20/2016 6:10:28 AM
Suit: BofA Misled Trading Clients -- WSJ "Dow Jones News" - 5/18/2016 3:02:00 AM
Bank of America Misled Trading Partners, Lawsuit Alleges "Dow Jones News" - 5/17/2016 8:03:00 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 5/17/2016 4:07:33 PM
Bank of America Runs Like 'Bros Club,' Lawsuit Alleges "Dow Jones News" - 5/17/2016 1:50:00 PM
Bank of America Runs Like 'Bros Club,' Lawsuit Alleges "Dow Jones News" - 5/17/2016 1:36:00 PM
Bank of America Announces Launch of Art Conservation Project Applications for 2016 Grants "Business Wire" - 5/17/2016 10:00:00 AM
Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) "Edgar (US Regulatory)" - 5/16/2016 5:45:12 PM
altruism   Tuesday, 01/08/13 01:46:08 AM
Re: JJ8 post# 13842
Post # of 18942 
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