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No legs for bac . I remember these old school investors used to tell me bac had legs.
Bank of America (BAC) Receives a Rating Update from a Top Analyst
Source: TipRanks
RBC Capital analyst Gerard Cassidy maintained a Buy rating on Bank of America (BAC - Research Report) on September 12 and set a price target of $40.00. The company's shares closed yesterday at $33.87.Cassidy covers the Financial sector, focusing on stocks such as Morgan Stanley, Bank of America, and Bank of New York Mellon Corporation. According to TipRanks, Cassidy has an average return of 21.4% and a 66.92% success rate on recommended stocks. Currently, the analyst consensus on Bank of America is a Moderate Buy with an average price target of $42.66, a 25.95% upside from current levels.
https://www.tipranks.com/news/blurbs/bank-of-america-bac-receives-a-rating-update-from-a-top-analyst?utm_source=advfn.com&utm_medium=referral
Bank of America announced zero down zero closing cost for first time home buying for minorities Black and Hispanics.... How is that not racist???? My money will never go to BAC ever.....
Thanks.
Question to the board.
When was the year when BAC stock was under $10.00
Thank you
Hi restripe, , It’s not rocket science for some, ,one of the boyzzzz banks always returns sooner or later ,
GLTA
Nice bus through on that 35
Well hi again BAC disbelievers , if ya didn’t get in on the low side shame on you ,I had to as the lower my avg. but ! It just means higher returns when ,it’s only a matter of time GL2A
Been buying WFC over the past three weeks. Better story, imo.
What a boring stock - I’m About to walk into my local b of a & make fun of all them for having such a weak stock price with weak price action . Lol this has been in the $33 range for 3 weeks now
Last post.
Is BAC going to become a Penny stock?
Todays FED decision was a slight surprise. The 75 basis points was keyed in, the surprise was the guidance. The Fed needed to decide between inflation and the economy. The expected was a nuanced response where they looked towards future data ( played it by ear )..
Its not what they did. Their stance is to kill inflation over everything else including the economy / unemployment etc.. more rate rises incomming…
Todays FED decision was a slight surprise. The 75 basis points was keyed in, the surprise was the guidance. The Fed needed to decide between inflation and the economy. The expected was a nuanced response where they looked towards future data ( played it by ear )..
Its not what they did. Their stance is to kill inflation over everything else including the economy / unemployment etc.. more rate rises incomming…
More JUNK Notes! This shit stock is finished!
How many more will this Scam Central Bank burn?
BAC has really been a disappointment. The only thing I am getting out of owning it is a dividend. And it is not the greatest compared to other banks.
BAC drops below $30 & it’s over for BAC shareholders . This has been one of the worst investments ever. You know
How many products out there that pay 10% plus per annum? This has lost value over the last 5 years. That really is crazy to think about . Buffet was wrong on the banks that’s for sure .
Chart looks terrible !!!!
I’ll never let anyone tell me ever again that the bank stocks have legs !! Bunch of fakes !!
Out the window or still in play?
I hope so I picked up July 22 34 calls
July 15 and 22nd BAC 35 call volume Big numbers 48,000 July 15 36,000 July 22
Bank stocks have no legs- bank stocks are trading at the same spot they were over 4 years ago! What a terrible investment!
Bank of America!!
More downside is coming but they don’t want you to know. Bank of America is holding a large short position in AMC and this will impact the share price as they will have to cover at some point.
With Evergande liquidity ending on the 16th.
Interest rates climbing and an increase in basis points coming.
But we will see won’t we!!!
Why would it have to go(X) there?
This chart has log scale turned off, use annotate to drop your trend lines, should drop below and act as resistance according to Slow STO dropping below 79.
https://schrts.co/vcVQHMTx
Weekly version may need a mirical for the MACD cross, with the numbers that are coming out along side the added rise in theft(Fed) rate.
Remember to pay attention to what the DAX, SP500, GBPUSD do.
First it has to go near the X tho right ?.....
And THEn it goes to 24.....
If that's what U were sayin' I would tend to agree ?
.
Measured move on that H/S is ~$24.
First mistake is listening to the talking heads on TV. Tell you one thing and they do the opposite. The liquidity has dried up and the biggest borrowers are the hedge funds and they are all in trouble. Banking sector is be propped up right now, down trend is coming and the banking sector is usually the last to tank. For the record Bank of America is one of the biggest shorters of AMC. They guessed wrong on that call, which is going to bite them in the ass in the end. Bank of America has been closing down various location which will hurt as well. The handwriting is on the wall. Guess they will be looking for a government bailout once we crash.
restripe; Me personally I ammmmmm buying the shettttt out out this paper again & again at every level IMO.... $$$$$$$$
GL2U-Ts
looks like bounce time coming
I guess because inflation is higher. That said, banks should do better than most in this environment.
Why are the banks not going up in a rising interest environment? All the talking heads on TV said at the start of the FED hikes that banks will do good because higher interest is good for banks. Not so. They are going down. Why?
Garbage notes came out with no backing/insurance, Junk!
Hmmm? As I have said when blue chips go down you
https://www.zacks.com/stock/quote/BAC?q=BAC
Hmmm? As I have said when blue chips go down you
https://www.zacks.com/stock/quote/BAC?q=BAC
Low I'm glad ur not! a computer illiterate, I bet you also use Twitter besides DYI's Wowwww, ur really cool hehehehe, It's been fun .seya on the rebound
GL2U
Low Great go ahead and short it and you might come up low again
You must have got caught bad by BAC once upon a time for such hate
Are earnings out? Then good to get back to shorting this turd. ~$29-$30 on the measured move of the h/s pattern.
restripe, Some dont get it ! there's always monies to be made here lol
Low UUUUUUUUUUU gotta do better lol
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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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