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All Central Banks are being pumped, Not Trumped!
To many crooks spoiled the broth! Bank Run!
Bank of America Corporation $BAC Total Debt (mrq) $799.69B Book Value Per Share (mrq) only $35.37
BAC 10Q due THURSDAY 1/16
Bank of America predicts that the price of silver will average $35 per ounce in 2026. This is based on a number of factors, including:
Interest rates: The end of central bank interest rate hikes is expected.
Investment: Investment in precious metals is expected to increase.
Gold market: A positive spillover effect from the gold market is expected, with gold prices reaching $3,000 per ounce by 2025.
Demand: Global silver demand is projected to reach over 1.2 billion ounces in 2024.
Supply: Supply constraints are expected to decrease supply by 1% to 1.0 billion ounces in 2024.
Silver is considered a tangible asset with a unique blend of stability and growth potential. It has a low correlation with equities and bonds, making it a good diversification and risk-reduction tool. $BAC $GLD $SLV
Not looking good for BAC, Yuk!
Cooking the Books catching up to this horseshit! BK and Insolvent soon enough.
To many crooks spoiled the broth!
It's Amazing that BAC, still cooking the books while customers can't access their accounts even after Blackrock files for BK last week, Oct. 2024.
Breaking News BlackRock Files for Bankruptcy! The Unbelievable Collapse of a Financial Giant
Unrealized losses at US banks are 7x higher than during the 2008 financial crisis.
@kshaughnessy2
"...Becoming a huge problem...?
How about "...is a huge problem...?
Do the big banks' trillions in derivatives raise any red flags?
"...US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem and that her department is now using artificial intellignece to detect and deal with the issue.
“I absolutely agree with the premise — which is that fraud is becoming a huge problem,” Yellen said in answering a question after delivering prepared remarks to an event hosted by the American Bankers Association...."
BAC 10 Q due October 15
Amen! I agree and BLK, VOO, DB JPM and BAC will all fall with the fake Bitcoin going to zero. Scriptures aren't being taken for what it's worth and in the end, it will be the meek that inherit the Earth with Globalists powerless. All in his grip.
It over!
The Numbers Don’t Lie
Bank of America’s recent financial performance paints a grim picture. The final quarter of the previous year revealed a startling drop in earnings. The bank’s net income nosedived over 50% to $3.1 billion, compared to $7.1 billion a year earlier. While some may brush this off as a rough patch, the numbers speak volumes about deeper issues. Revenue, too, took a hit, falling to $22.1 billion against the expected $23.74 billion. This isn’t just missing the mark; it’s a financial red flag waving in the face of investors and analysts alike.
[img][/img] 
Berkshire Hathaway's $BAC holdings fall below the 10% disclosure threshold.
*Now the real dumping begins... 0% next!
And then many people still wonder why Warren Buffett is dumping such a mess of a bank @DarioCpx😓
@DarioCpx
🚨BREAKING: Warren Buffett sells ~9.5m shares of $BAC and now $BRK.A ownership in the bank is below 10% - from now on Warren Buffett can continue selling $BAC shares WITHOUT BEING REQUIRED TO PROMPTLY REPORT IT
Narrator: guess what happens next?
Warren Buffett $BRK.A sells another ~8m $BAC shares and is now ~12m $BAC shares away from falling below 10% ownership after which he will not be required to report these sales promptly anymore
BoA Credit Default swaps going up as well.... On this innocent little IT issue. 🙃
He knows it's over with SEC turning a blind eye at cooking the books and fluff magic with Finra and DTCC Fraud.
Warren Buffett throws another ~11.5m BAC shares back in the market cashing out another half a billion
Warren is now ~20m $BAC shares away from falling below 10% ownership and not being required to report these sales promptly anymore
Guess what comes next
Warren Buffett dumps another 21.5m shares of $BAC today
Now BRK.A is ~30m shares from falling below 10% ownership of BAC, after which we will only know further sales update every 3 months in the 13F filing - Watch out for that 👀
It's a full blown panic and getting worse.
Buffet continues dumping shares as fast as he can:
BAC leads with 90 branch closures for 2024.
US banks have closed more than 50 branches in just two weeks, as the march towards online banking continues to decimate local services. Wells Fargo, Chase, and Fulton were among the banks who closed locations between August 19 and September 7
Warren Buffett dumps another ~$230m of BAC shares. $BRK.A is close to falling below the 10% ownership of $BAC after which we will have to wait for the quarterly 13F for updates on Warren’s dumpathon
@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.
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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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