Bank of America (BAC) (abbreviated as BoA or BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world. Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market. According to the Scorpio Partnership Global Private Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013. The company held 12.2% of all bank deposits in the United States in August 2009,[10] and is one of the Big Four banks in the United States, along with Citigroup,JPMorgan Chase and Wells Fargo—its main competitors. Bank of America operates—but does not necessarily maintain retail branches—in all 50 states of the United States, the District of Columbia and more than 40 other countries. It has a retail banking footprint that serves approximately 50 million consumer and small business relationships at 5,151 banking centers and 16,259 automated teller machines (ATMs). Bank of America has been the subject of several lawsuits and investigations regarding both mortgages and financial disclosures dating back to the financial crisis, including a record settlement of $16.65 billion on August 21, 2014.
Some weeks ago I sold C when it was up and took those funds and starting buying BAC on the way down. I watched BAC out perform C. I am long term until it hits 18 at least. Once the fed start upping rates the trend should start. I am hoping they will increase their divi's though
I don't mind there being a decent market correction this year so I can buy more for my long position. I need to average back down. Sucks having exchange rates.
There's your 14 RG for early morning HOD. When ever the fed starts raising the rates BAC should sail up to 18 IMO
Bank of America posts earnings of 21 cents a share vs. 20 cents estimate Revenue for the quarter came in at $20.9 billion, against the comparable year-ago figure of $21.42 billion. Analysts had expected to report earnings of about 20 cents a share on $20.3 billion in revenue, according to a consensus estimate from Thomson Reuters. Read full article here: http://www.cnbc.com/2016/04/14/bank-of-america-reports-first-quarter-2016-earnings.html
BAC primed to move higher. Up 9 cents in pre-market on 169k traded The Financial Sector Is Breaking Out -- Here Are 5 Stocks to Buy http://www.thestreet.com/story/1353...e-5-stocks-to-buy.html?puc=yahoo&cm_ven=YAHOO
Sat on BAC for two months. Happy to see some action and more volume coming in. Trying to break through 14.50 currently.
Another good day for BAC and it is now 13.55 from my target price of 18. BAC is very overbought now and some kind of pull back should forth coming in your looking into making a buy. The Gamble I took buying BAC: I waited for a up day for C and sold my whole position to put the money into BAC. My only concern was that financials would continue their decline to get the most out of my gamble. I needed to buy BAC under 13.79 to stay in sync with my sell. So I went into my multi tier mode making 25 trades with my highest @13.79 to 13.04 my lowest and my biggest buy. The lower BAC dropped the more I bought.That set a record for me making 25 tier buys and it is good that I get 100 free trades a month.($173 savings) Why did I switch from C to BAC 1. BAC was outperforming the other 3 big banks 2. BAC has the most to gain when the FED starts raising the rates. 3. Target price could be reached even if the FED did not raise rates. Outcome: I have to re-figure but I think I am about 15% to the good by selling C and putting those funds in BAC. BAC is still out performing C Final Trade: Bank of America, Intel, JPMorgan & more http://finance.yahoo.com/video/final-trade-bank-america-intel-215800213.html TipTops - Top Picks - I posted some of this on my Top Pics a few weeks ago but not in this much detail http://stockaholics.net/threads/tiptops-top-picks.122/#post-2901
It looks like BAC is going to continue its run. Many of the CNBC analyst's are favoring BAC with the most potential to move higher among the big banks. I wouldn't be surprised to see a drop and pop if the markets go south and if not the trend mildly continues.
I just heard on CNBC that they got a sell rating and no effect as BAC is trading just under the HOD. I didn't catch the name of the company but they are probably short as not all these guys play with a full deck...IMO
The check is in the mail. Now 3 bucks and change from my target price of 18. Moving much stronger than I expected.
Looking like $15 in aftermarket trading. BAC has made me happy this week. Might have to cash in soon.