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Bank of America Corporation Message Board

  • momentum_play momentum_play Aug 22, 2014 1:02 AM Flag

    Let hope this continues

    With a bounce back in the XLF and the lawsuit over we could get back to the 18's.

    Sentiment: Strong Buy

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    • Typically speaking when an equity starts to run it tends to do so in "3's." Yesterday was Session 1 of a break-out run. There may be (at least) 2 more sessions of this before consolidation occurs. As for $ WAG is the pps will get there.....when? Who knows. Let's take it one step (session) at a time and see how it manifests. PM bid $16.14.

    • When BAC returns to its normal 12.5 PE, then $2/sh earning next year will take it to $25, but it'll run ahead of that as the business environment gets better so doubling by the end of next year (16 months) isn't out of the question. With those earnings, they could easily pay a $0.50 dividend & still not pay out as much as the other banks (it would need to be around $0.75 to match theirs.)

13.00-1.04(-7.41%)Jun 24 4:01 PMEDT