Nice work Highlow. GE board is similar. Who gave the homeless IPADS?
BAC AM...10yr is trading up a hair, so is BAC. Maybe we can make a more profound recovery from the early year dive
Theis is really ugly. Why?
Right On Highlow....And I would add....the complicity of the DOJ indirectly encouraging/condoning such behavior by wrongly penalizing shareholders and not bank executives for the purported misdeads of the bank during the recent financial meltdown.
Is it permissable to post something about GE on this board? Let's see, we are working on what appears to be seven consecutive down days for GE. What will it take to restore some confidence in these shares?
I find it interesting that BAC is dipping while the 10-year treasury is moving higher. The very reason for weakness in the banking sector is indicating a move hihger and the banks are going the other way. What does this suggest? Simply More FUD, or, a market that has lost all fundamental basis.
After reviewing the other bank earnings, and, the CCAR blemish again this year, I am beginning to tire of current BAC management. BAC continues to underperform its peers. Yes, I know the interest rate environment has punished BAC. But, the others have the same headwinds. Yes, I know BAC is cheap relative to its peers, but, by the saem token, BAC shares are down 13% for the year. It is past time for BAC management to demonstrate their ability to manage this company and generate longterm growth as wll as a reasonable rate of return for long term shareholders.
I was a bit disappointed the BAC 1/4ly report suggested the bank is not recovering at a rate consistent with its peers. I know the footprint for each bank is unique. But Wells did ok and Citi did ok. So did JPM. I know BAC is probably more dependent upon interest rates for its margins than some others, and, I know rates are predicted to rise,,,at some point (???) but...the long road back has been longer than I imagined. The last year and a half has been particularly frustrating with nothing but stops and starts. I had hoped for slow and steady progress across the board. Your forecast of $20 in 2020 may be about right at this pace...
I must surmise Investors are demonstrating their continued displeasure with constant underperformance by BAC. I am beginning to grow impateint once again with the timeline for BAC to return to some semblance of parity with other fiancial institutions.
Where are you? Earnings will be announced next Wednesday. Volatility should return. I am expecting a steady move to the upside prior to the report and then, assuming earnings are decent and within the current lowered expectations due to interest rates, a nice continuation thereafter back to $18. What do the charts suggest???