Should be coming shortly. Last quarter posted a .06 cent a share profit. Hopefully they can keep it going, maybe .08 cents or more would be great, or am I just dreaming? Good luck to all, especially the longs that have stayed in and didn't bale.........
Bac, during normal times, has basically sold at 12 times earnings. 2016 earnings est. is around $1.60 a share. That should put the fair value over $19, I would think in the not to distant future with dividend raises on the horizon.
I see the earnings estimate for the current quarter keeps sinking, but the estimate for the december quarter took a sizeable jump recently. If this is believable or holds true, we may be at the bottom and ready to turn the corner.
They are making money and earnings estimates for near term quarters look good ,so as long as that happens I would think the price will eventually catch up. Until then I will be happy if the dividends keep rolling in.