Replies to post #20418 on Bank of America Corp (BAC)

[Decarz]

Exactly Right,,
with over 1/2 Trillion Dollars in Cash } $549B {
is worth $49 cash value,so the already announced $12B dollar share BuyBack last wk is very small ,watch and see they will increase the BuyBack to $50B - $75B by the end of this yr ...

[Equitiesduke]

Agreed.
25. is certainly the resistance level to date, however, we see no reason for this Share Price to be sold off and/or shorted here any longer. The one and only obvious reason is institutional control to literally control the PPS! More shares to control, more rebates, and another trip to the bank. Buy back the shares , do it again, and again, and again.Seen it first hand.
Going to take a huge shareholder, like Buffett to move this Stock out of the channel with a 25. top!
Let's hope He gets others on board as BAC is a very strong Company with ALL fundamentals now in place. A 60 % divy increase, plus a 12 BILLION share buy back. Let's say were looking at about 9 Billion shares in the float by mid 2018. About 22 Billion per Q in revs. That is about 2.44 EPS per Q! H/S what's not to like! Cut that in 1/4's for a conservative Company as is BAC. That is like .61 cents per share per Q! Not bad considering. Shades of 2005!
Hold a core position ad infinitum'.