Maybe, maybe not. The Feds were pretty adamant about the roles being split, so I'm wondering if they might simply be laying the groundwork to make someone else CEO at some point in the near future?
The fundamentals are good, but the external news is what is driving the markets right now. With worries about Hong Kong, Ebola, Ukraine, etc., people are flipping from one overblown panic to another without really thinking.
And what would a health visa accomplish if the incubation period is 2-3 weeks as with the Ebola virus. Why not just have forced quarantine for anyone entering this country like we do for animals?
Well, not ALL about BAC, as this post demonstrates. Just put him on ignore and move on. Don't add to the clutter.
And then there are those who only add to the clutter through their whining posts. Put the political posters on ignore and move on.
Well, considering you must be the only person who didn't already know it was coming a long time ago should tell you something.
You're right. Another product of our broken down educational system. Sad.
Your subject line is, and I quote, "BAC above 18 because the communist bank's enemy number one, holder is gone" So again, why are you calling BAC "the communist bank?"
Are you calling BAC a communist bank? On what do you base that assertion?
I think maybe you are in the wrong year? Buffett bought at $24 a while back? In case you haven't seen a calendar, this is 2014, and the last buy Buffett had was when BAC was about $7.14. I think I can safely say that BAC stock has NEVER doubled in just a three day period.
So Walmart is going to offer a checking account through GoBank for low end customers, claiming they won't have the high fees of regular banks, but the account requires an $8.95 monthly "membership" fee unless the customer has at least $500 direct deposit each month, and 3% ATM fee for out of network transactions. This should be interesting to watch.
Yes, and the one who will probably benefit the most of share buybacks is Warren Buffett. As BAC buys back more shares it will make the stock price go up and, at the same time, increase the value of the over 700 million warrants Buffett owns. By the time his 10 year holding period is over his profit could be astronomical.
When the Fed says they are going to raise rates, it means they are raising the rates on the funds banks borrow from them.
Don't forget that although they will be able to charge higher rates, they will also have to pay higher rates. The question is which will rise faster. In addition, current loans on the books will lose value as rates rise since the rates on them are, in most cases, fixed.
LOL! You do realize that it is only the end of winter and beginning of spring in the Southern Hemisphere, right? Or did you not realize that the seasons are reversed between the Northern and Southern Hemispheres? If you are an example of what is coming out of our educational system today, then we really are in big, big trouble.