Bank of America (BAC_) saw its target price slashed by yet another analyst on Wednesday, as Paul Miller of FBR Capital Markets argued mortgage issues continue to plague the giant lender. "There seems to be no end in sight for its litigation expenses, and there is little clarity into what the company will look like two to three years down the road," Miller wrote,
FBR Capital Markets New Price Target BAC Value $3.00
Paul Miller FBR Capital Markets: New Price Target on BAC Value $3.00 Based upon these events 1) B. of A. sued over $58 billion in securites 2) U.S. to 17 banks: You lied include Bank of America, $200 billion in mortgage securities bought by government controlled Fannie Mae and Freddie Mac during the housing bubble. 3) Bank of America kept AIG legal threat under wraps 4) Bank of America faces lawsuit from US Bancorp over Countrywide mortgages from 2005 Paul Miller analyst FBR Capital Markets : Every Asset BAC sells might firm up their balance sheet a little bit, not anywhere close to the multi- billion in bad mortgages that are now plaguing BAC. he said no one really knows how bad it is or really knows the capital hole that BAC has... BAC value is $3.00 per share based upon the underwater bad mortgages that are in the billions... FBR Capital Markets New Price Target BAC Value $3.00 / Bank of America Corporation FBR Capital Markets New Price Target BAC Value $3.00 / Bank of America Corporation
You are the fool!!! You obviously have no knowledge at all about Buffett... He gets his 7-9% interest payments no matter what BAC does.. Have you not read anything about his purchase of those PREFERRED STOCKS.. WAKE up and get smart and quit mamking a jerk of yourself...