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Bank of America Corporation (BAC-PB)

NYSE - Nasdaq Real Time Price. Currency in USD
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26.18+0.24 (+0.93%)
At close: 03:59PM EDT
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  • N
    Noah
    Stock success doesn’t come a day but with discipline,dedication time and capital investment
  • L
    LionelF
    If banks don't go up when the FED have the highest rate hike in 40 years, when should you buy them? when interest is going low? If investors or the funds don't buy them now, then we must question their knowledge?
  • j
    joe
    X dividend next week then the stress test results then hopefully a dividend increase with a new buy back announcement. A lot of positive stuff happening.
  • W
    William
    Shoppers are buying, producers are producing, and store shelves are full (along with store parking lots)! It's no wonder BAC is up nicely today, and many cyclical stocks are showing even better gains! GLTA BAC shareholders!
  • W
    William
    Fantastic stock market today, and congrats to all BAC shareholders! This is a great stock market! Hopefully, someone gave the poor 'Dave' fellow a hug - - he's the one who sold stocks at their recent lows! He did the same thing in early 2009 and you can see how he reacted when The Big O started his bull market in stocks!
  • B
    BIGMONEY
    I never understood how an unproven company that makes no earnings gets a PE of 100, and BAC makes almost $100 BILLION a year and has a 10PE. These are signs the markets are irrational and upside down, which bear markets correct. BIG earning companies will lead us out of the bear market. Companies like BAC, which is why it's Buffets #2 holding.
  • B
    BIGMONEY
    Yep, it's a bear market. They happen every 10 years or so.
    With that said, and many rip at me for being a constant investor, and there are many reasons I hold BAC.
    One is the ability to trade around the core investment easily.
    Two is the fundamentals. When the following bull rally is in full steam, 3-5 years from now, BAC will Triple from here.
    The best financial in the market, and the high interest rates will push BAC to $5 EPS in 2 years.
    2 thoughts, anyone selling or shorting here for this bear market are wrong. The damage is done, and it may go lower from market sentiment, but it is very near, and you can't go wrong loading up here. Last, BAC released a huge level of reserve in 2Q2021, which made EPS go to $1.01 artificially, which is giving BAC a negative YOY return, which is why it's this low. The real case is EPS and revenue is increasing every quarter, and in Q3 this thing will go to a massive YOU gain and BAC will RIP. You have until then to buy, but personally, if I had no position and wanted in, I would be getting in.
    GLTA
  • L
    Lionel
    BAC ready for takeoff; like a rocket with 2 rocket boosters in the back. 50 in less than 6 months. All aboard?
    Bullish
  • B
    BIGMONEY
    The market has bottomed. The S&P500 touched bear territory for one day and bounced hard off the low, and refused to close below 3837. Charts show the S&P and banks bouncing across the bottom while the charts are repairing themselves. One day, probably soon, we will enter a HUGE bounce to the upside, and hopefully enough to correct the charts to break the downtrend.
    GLTA
  • W
    William
    I sure do hope that someone gave Dave big money a hug today. He's the poster who bought high and then sold out recently at the extreme lows (he has since deleted that post!). He sold because his 'instincts' told him to! Please, Dave big money, get some new instincts!
  • B
    Brent
    CBO says GDP 3% this year. FED says multiple 50 basis point hikes in store. About as bullish reasons to buy BAC as I've seen in quite awhile.
  • k
    kris
    Mateys - I always try buying shares when it pulls back 5 to 10% from peak but not sure how but I ended up buying BAC at near peak of $47. And now with nearly 30% down, I wonder should I rebalance my exposure and also went through the Q1, and 2022 outlook and macro conditions. It still seems the market is over reacting/ predicting and BAC will continue to deliver. Here are some of my observations - please let me know if any flaws?
    1) Consumer savings are at record high and will remain elevated, when compared to pre-pandemic levels despite inflation. Just within BAC, people with 1400 balance pre-Covid now have $7000. This is consistent with overall banking industry.
    2) While inflation is growing, so are wages, but admittedly not evenly in low-income groups.
    3) While there will be a risk of defaults and delinquencies, but seems they will be contained/ minimal noting wage increase and deposit levels. Furthermore, this will be more than offset by NII and NIM expansions.
    4) BAC has hedged AFS exposures, and now with rates rising, those assets can pivoted to growing loans book and attract NIM.
    5) BAC banked 200m in Q1, and anticipates 600m in Q2 additional NII.
    6) I would make a bet, M&A likely will resume some movement towards normalcy and trading will continue to provide profit opportunities. Again, contributing to better top line and bottom line.
    7) Most important of all, they seemed to have better control on costs and all the prior year investment is paying off. So, it seems revenue and margin expansion and flat cost line = good earnings/ results for us?
    8) There is the risk of their own cost inflation to surprise their cost estimates but I can't seem to find anything to validate this.

    With this, all downside risk to economy, it seems to me BAC will still hold well & deliver. So, I am tempted to leave my position as is but wonder if am missing anything above. I can do my own research for banks down under, talk to people in the industry/ bank etc but I have to mostly rely on BAC's commentary here, which likely will have lot of kool-aid and hence my post looking for your views.
  • W
    William
    While I'm extremely happy that our BAC and most other stocks are rebounding nicely, I feel sorry for the Dave big money poster. Unfortunately, his 'instincts' told him to sell at the extreme lows, so now he's sitting on the sidelines! GLTA BAC shareholders, and if you see the poor Dave big money fellow, give him a hug!
  • K
    Kelly
    Bank stock will benefit from, high interest rate.
  • D
    Dave
    Historically, markets always come back. Think of a man walking up steps bouncing a yo yo. the yoyo goes up and down , but he is always walking up the steps. As a long term investor you only need to be right on the direction, not the timing. The problem with bac and the markets in general is not everyone can wait until they come back and no one knows for certain where the bottom is or if it will drop again. Trillions have already been lost, but if you can invest for long term in good quality like bac you should be ok, but it could take a while.
  • H
    Highlowsel
    OT: Quote to ponder. Never trust a person whose TV is bigger than their bookshelf. 😉
  • F
    Franklin
    Somebody does not want BAC to go up. 56% of yesterday's trading volume was shorting. Hard to believe.
    Bullish
  • I
    IIana
    Interest rates still going higher. Buy BAC while is cheap.
  • F
    Franklin
    Went to town yesterday. No recession in my area. Parking lots full. Higher price items not selling. Just maybe a recession by 2026. Shorties going underwater.
    Bullish
  • R
    Richard
    With inflation hurting the middle class ability to buy products, Banking stock one of the few places let to invest.
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