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BAC - Bank of America

post #1 of 6794
Thread Starter 
About Bank of America

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. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, 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 more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

www.bankofamerica.com


chart.ashx?t=bac&ta=1&p=d&s=l
post #2 of 6794
Thread Starter 
let me get this right. BAC has an ex-dividend date of nov,29 (today) now if you buy today you DO qualify for the dividend but they are selling the shares for a discounted price tomorrow to reflect dividend difference?? is that correct or is today to late and today selling at that small discount?
post #3 of 6794
http://www.sec.gov/answers/dividen.htm

no, you have to buy before the ex-dividend
post #4 of 6794
looks like we are heading up again
post #5 of 6794
Bank of America beats by $0.01 (BAC) 53.65 : Reports Q4 (Dec) earnings of $1.19 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $1.18; revenues rose 34.0% year/year to $18.82 bln vs the $18.16 bln consensus.
post #6 of 6794
takeover talk

post #7 of 6794
by whom?? They seem too freakin' huge!

I applied here for an internship in investment banking / trading....

hoping to hear from them
post #8 of 6794
BAC in talks to buy CFC .......i dont know if rumor or truth.......
post #9 of 6794
Quote:
Originally Posted by rossiTK
BAC in talks to buy CFC .......i dont know if rumor or truth.......
sounds more like it I was gonna say...


oFF tOPIC: Have a good weekend all!
post #10 of 6794
BAC is a strong buy and hold candidate. It is currently paying a 4.4% dividend. This may be good for a short term trade but I see this stock going to 60 this year.
post #11 of 6794
In the financial sector, I would also look at KB. Strong volume to the upside.
post #12 of 6794
Wanted to bring this one back to life. BAC represents one of the best big banks that has almost non existant subprime loan exposure. If you want to play financials this is the one to play IMO.....opinions?
post #13 of 6794
I think we have two BAC threads going so I will post my concerns about BAC here as well. They have been or are planing on giving credit cards to Illegals. I don't care myself but I fear the backlash that could result. There is a bill in the congress or senate to make that unlawful. It may be more of a ploy by BAC to attract more hispanic customers. I'm sure they realized that the politicians could not let that stand.
post #14 of 6794
Yes that whole thing is interesting. It will never pass and I doubt this will have much of an effect on the stock. What I like is the big growth, dividend that it pays and the fact it just had a big pull back, plus the little subprime exposure. Not totally crazy about financials right now but I think it is the best of the best when it comes to banks...
post #15 of 6794
Thread Starter 
They had an analyst meeting within the past week and the chairman said they'll be able to grow earnings organically, meaning from the businesses they have, no acquisitions, 10 percent a year and the stock trades at only 10 times earnings. The market is at 15 times earnings and the dividend yield on Bank America is almost 4.5 percent and the yield on the 10-year Treasury is just above 4.5, so you get a Treasury bond yield and the opportunity for growth at the same time.
post #16 of 6794
Quote:
Originally Posted by cire2222
They had an analyst meeting within the past week and the chairman said they'll be able to grow earnings organically, meaning from the businesses they have, no acquisitions, 10 percent a year and the stock trades at only 10 times earnings. The market is at 15 times earnings and the dividend yield on Bank America is almost 4.5 percent and the yield on the 10-year Treasury is just above 4.5, so you get a Treasury bond yield and the opportunity for growth at the same time.
post #17 of 6794
almost all financials are getting hit today. I sucked up some more shares today after the shake out. More than likely will open up tomorrow after todays bad day
post #18 of 6794
BAC on sale now
WM (Washington Mutual) on our super blue light special.

the powers that be could not let GS and the other brokers start a bull run in the market so we wil get our super sale specials now.

I'm picking away at some long term postiions
post #19 of 6794
Thread Starter 
ya, i think they may have more down room though. ill look to pick up some BAC after it gets hits even harder. headlines are not done with this sub-prime thing IMO.
post #20 of 6794
true cire....walstreet has a knack of over reacting and im sure it isnt over. My positions in T, KO have kept me warm and cozy through all the drama. Im going to add another defensive position in K tomorrow.
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