Funny how so many of you LYING wing ding dolts all learned a new word (quisling) all at the same time. But then, you do all wallow in the same feeding trough.
funny 355pt sell BAC -28C REALLY LOLOLOLOL wait till China goes LIMIT DOWN SUN NIGHT Fat Boyz know mmmmmmmmmmmmmm crookin
dose of objective assessment. BAC performance is poor at best, and some of those despised BAC trashers have not been completely wrong in their predictions, imo.
Prior to this week BAC shares have been down in 8 of the 14 weeks and up 6. This week was down so it is new 9 down weeks to 6 up weeks, and this was the first down week in the last 3.
Bank of America has both negative revenue and earnings growth over the last year, coupled with it's high P/E allowed me to form the opinion that BAC shares were overvalued at $17.20.
Equity price based multiples are most relevant where investors determine their positions in companies. The most commonly used equity multiple is the price earnings ratio, which is popular due to the importance ascribed to earnings per share as a value driver.
If the stocks in the same industry, have the same annual earnings, but have different P/E's, the stock with the lower P/E offers a better valuation. Trailing P/Es are solid numbers. Forward P/E's can be misleading if estimates turn out to be wrong. In Bank of America's case forward P/E's turned out to be wrong four of the last five quarters.
Other users of this forum are welcome to offer their opinions on where they place a fair value price for BAC shares.
bac_trader is now attempting to display his dishonesty by denying the fact that he boasted falsely that his purchased and sold nearly one half million dollars worth of BAC stock on April, 14. By deleting so many simplistic and childish messages bac_trader has lost credibility on this forum
I see that someone as intellectually dishonest as bac_trader who posted then deleted so many childish messages on this thread can not now expect to maintain a drop of credibility on this forum. Especially when he posted something as unbelievable as this.
I will add that bac_trader also used the word "I" one dozen times in his juvenile rant trying to establish his cost basis for an equity position in Bank of America
mdb big dummy braggart man. He post I told you so message about BAC down when general market down more than BAC. Braggart man know market going down? If true why not do other short beside BAC make lot more money. Big braggart dummy liar man get too smart for britches, loose all money, wife come live with Chum Lee.
It seems Hillary plagiarized that CHAMPION OF THE PEOPLE talk (grin!). I saw a commercial for the television show "Madam Secretary" (which is a hilariously naked fictionalization of Hillary's time at State) and the main character used that _very_ phrasing. The television show had to be "in the can" before Hillary said it so that can only mean she swiped it off the show or from someone associated with the show.
is all it is..who do you think really loses money in this rigged scam day in day out? all this fake volatility same fake buyers day in day out..
Most big banks trading near 52-week high except BAC, so you can't say that nothing is wrong with BAC. In 1Q15, JPM, GS, WFC, C all reported better than expected results and they all set new highs earlier in the week. BAC is the only stock which has not set a new high since it did a long time ago at $18.20. BAC's return on equity is the lowest in the industry. It's just a badly managed bank with a lousy Board of Directors who have lost sense of time - we are 8 years past the financial meltdown and still way below the stock price that existed before the financial crisis
Here we sit at the end of another week and low and behold it was a losing week for BAC longs. I think we are about 20 weeks into the year and so far BAC has had I don't know 20 losing weeks (probably not that bad but pretty close) . but don't worry longs 20 is just around the corner. As soon a BAC actually haa a winning week it will be well on its way to 50