Sun, Apr 20, 2014, 7:18 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Bank of America Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wareham2620 wareham2620 Dec 24, 2008 12:11 PM Flag

    So it took a downgrade by the s&p

    Highlights
    ä The STARS recommendation for BAC has recently
    been changed to 2 (sell) from 3 (hold)
    and the 12-month target price has recently
    been changed to $10.00 from $17.00. The Highlights
    section of this Stock Report will be updated
    accordingly.
    Investment Rationale/Risk
    ä The Investment Rationale/Risk section of this
    Stock Report will be updated shortly. For the
    latest News story on BAC from MarketScope,
    see below.
    ä 12/23/08 03:04 pm ET ... S&P REITERATES
    DOWNGRADE EARLIER TODAY ON SHARES OF
    BANK OF AMERICA TO SELL (BAC 12.86**): Prior
    opinion was Hold.We also lower EPS estimates
    to reflect our higher projection of securities
    writedown and loss provisions. Based on
    widening spreads in secondary market, particularly
    for commercial real estate, we look for Q4
    writedowns to be up from Q3. In addition, we
    think BAC will continue to add to reserves well
    above chargeoff levels because of worsening
    of credit conditions. All told, we are reducing
    our '08 and '09 EPS estimates by $0.14 and
    $0.48, respectively, to $1.33 and $1.87. Our target
    price, cut earlier from $17, is $10, in line

 
BAC
16.15+0.02(+0.12%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST