Do you think the people running this show cut their salary by 45%? I don't think so. It appears that the small accounting error was not so small if div. is cut 45%. I would like to hear more details to know what previous management did and compare what has been done by new management. This looks like Wall Street business as usual where investors are hurt and the suit boys running the show are making millions. Snake oil salesmen!
The Bank has turned around and all are not happy with CEO regardless other Top executives are good bankers and the CEO has learned to listen to their expertise. The stock will be $19.00+ by year end. Mark your calendar.the huge problems are behind them and moving forward BAC will do well. Increase in rates by 1/4 of a percent soon will add to income. DD.
They don't have to say a word. Read today's article on rates. it's overpriced. I will buy in $7's if it goes down that low and be happy with a much lower yield. My opinion. DD. remember high yield means high risk. Huge down volume continues. Also, don't take any advise from the message boards and that includes mine. Talk to your financial advisor and or Broker. Banks are on the way up with interest rates expected to go up. DD.