Finally, as alluded to before, the shares are stupid cheap to put it simply. Under very conservative assumptions, I estimate that the bank's tangible book value will end the year at $17 (implying a discount based on its current share price). In fact, I view the 25% discount to 2016 estimated TBV per share (and about 18% discount to its Q4 2015 reported TBV per share of $15.62, which represented 6% sequential growth) as an opportunity in and of itself. Since the bank is positioned to massively accelerate its capital returns starting this year (expected to double both buybacks and dividend payments this year and triple buybacks between now and the end of 2017), each dollar invested in shares is immediately accretive to the bank's tangible book value.
This has now become crazy people and machines are just selling to sell. There is no real justification for any of it. Last time I checked BAC was making money. I know with an economic slow down they could start to lose money but all data suggest that we are not going into a recession. Crazy at the speed in which we are dropping
"recent climate" - you mean wheather in code? Thanks for the informative wheather report, I guess age does not matter until it does. ROFLMFO.
I thought you were telling us how anything shorter than a few years was wheather, not climate.
I urge all right-wingers to sell, just like they did in 2009. You guys still have your gold bullion that you bought at the market top, don't you?
Who cares? This is a free country where we can speak our minds. It sounds like you are suffering from "jealous class warfare".
ROTFLMAO Liz's plan is probably the same for this dusting (forecast is calling for 4-6") as for the last "major East Coast blizzard": she'll loan more of our surplus, unneeded Massachusetts snow removal equipment to Philly and DC. Massachusetts is always ready to lend a hand to our disadvantaged southern neighbors.....why, even now a shipment of Patriots towels is winging its way to Charlotte to help sobbing Panthers fans sop up their tears.
Boston's recent climate
heating degrees, normal season to date: 3341
actual heating degrees, season-to-date: 2622
Boston season-to-date departure from normal [aka "climate change]: 721 degree-days of warming.
ROTFLMAO I guess data only matters until you decide it doesn't.
It's setting up to be the same 'ol refrain that's been seen almost every day since this year began. Dow futures off almost 200pts. PM bid for BAC? What do you think? $12.68. All it has to do is be yanked another 17 pennies from here and we're looking at a new 52 week low. Not a far fetched thing when considering how this paper, the sector, indeed the entire market, is acting these days....
Let's see what actually happens. I've got an open buy side bid waving in the teens....the $12.teens.....you know how Master seems to love those areas.....let's seeee....
(it looks like you'll need it:)
"New England, Pittsburgh, Seattle early Vegas favorites to win SB 51"
David Purdum, ESPN Staff Writer
Three teams that watched Super Bowl 50 from home -- New England, Seattle and Pittsburgh -- head into the offseason as the favorites to win next year's Super Bowl. At the Westgate SuperBook in Las Vegas, the trio is 8-1 co-favorites to win Super Bowl 51. Green Bay, Arizona and Carolina are next at 10-1, followed by Cincinnati and 2016 Super Bowl champion Denver at 14-1.
I'm sure they paid her to get a lecture on curing sick kids and helping to create efficient markets so there are plenty of resources and capability left over to design solutions for people in Flint. ROFLMFO.
Welcome to the tampon praising death spiral. ROFLMFO. And people were worried about emoitonaly charged words from Trump. What a fool believes. ROFLMFO.
IF you want your job and security, and want to live like a sailor at sea it has a lot of appeal. ROFLMFO.
If Hillary wins no one wins. ROFLMFO. IT is always easier to find justice seekers than proactive problem solvers. All the angry dum aases enforcing tampon praise will never fingure out how to cure sick kids
but they tend to get rid of those who can. If you look at the Chorean rocket launch, imagine a US launch of Obama pressing a big "launch" button and all kinds of patriotic rhetoric. The sociopihles think technology is all about politics and it is only the ability to keep tampon praise out of science that makes it beneficial.
Welcome oh never mind. ROFLMFO.
Complete suckers trap-I think they are paid by some big institutions to suck all the little retail investors in so they can sell,BOA has broken all technical levels to downside-its a stock one shouldn't go near.These traders on fast money are experts and they arent that naive to be buying it!!!imo
that sound you heard was all of the Panther "fans" throwing their Panther car flags into the trash. Note that most of the flags were bought in the last two weeks. Charlotte = Bandwagon City.
free college, free housing, free food, free healthcare while attacking American businesses. What would you call it? Lenin or Stalin would do and do the same thing. Of course they used violence but after the riots in Baltimore, Ferguson, Occupy Wall Street...its seems to be headed that way gradually in far left circles
What that really means is: "if you're not a neo-n@zi POS lying sack lapping teabagging pervert, then you're the enemy!" This is what the GOP has (de-) evolved into. Only waste of meat trash support the GOP.
This is what the low idiot Klan GOP has done since the days of McCarthy. "If you are not a Republican, you are a commie."