I'm torn....on the one hand I want shares to go up but on the other I hope BAC the ability to buyback as many shares as possible with their 5bill. In the long run, which is what I look at, more shares retired today will mean more earnings for my shares in the future.
BAC - Bank of America - Page 334
overreaction on earnings IMO. They took a lot of one time charges due to the never ending MBS mess. partly from acquisition of countrywide.
without that.. They would have at least 6 cents more per share. Their P/E would be looking a lot better. they quadrupled net income Q/Q
i'll throw my neck out and say its a buy at $11.
If they get those contingent liabilities out of the way (which they will someday), they could get an upgrade on their debt.. stock would do quite well.
book value 22.
just saying.. do your own research