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Russell 2000 Futures
Bank of America Corporation (BAC-PK)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 03:59PM EST
203,010 reactions on $BAC-PK conversation
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There is an opportunity for newbies to capitalize on, it's quite a shame people can't see this, trading is everything right now..
11/19/2022 - 06:43:00 - Bank of America 4Q EPS 82c, beats $0.76 Estimate
When I saw testimonies all over the place I thought it was all made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way
I heard about BAC the other day on
. It’s looking like an interesting play.
Would Be Nice To See , $50.00 , Again , Great Earning's On WED. JAN. 19th . GLTA ,
As a long time holder, a dividend hike would be nice.
4 rate increases nets BAC $8 billion additional NII, for doing nothing at all. The work has already been done.
8 increases, $16 billion extra. $100 SP in 2 years.
BAC indicated in their recent earning today, that they bought back $7.5 billion worth of stocks. Now the question is how come they do not report what is the actual outstanding and float?? From Yahoo Finance, these numbers are stagnant, no change for a long time (Shares Outstanding 8.18B and Float 8.16B). Anybody knows where to get the most recent numbers?? Thanks
From Chairman and CEO Brian Moynihan:
"Our fourth-quarter results were driven by strong organic
growth, record levels of digital engagement, and an
improving economy. We grew loans by $51 billion and added
$100 billion of deposits during the quarter, further
strengthening our position as the leader in retail deposits.
“We earned a record $32 billion in 2021, with every business
line solidly contributing. In Consumer, we added millions of
new credit card accounts and nearly a million net new
checking accounts as we continued to demonstrate the
value we provide through our physical and digital
capabilities. Wealth Management had record client flows and
the strongest client acquisition numbers since before the
pandemic. Investment Banking had its best year ever and
Global Markets had its highest sales and trading revenue in a
decade, led by record Equities performance as we invested
in the business.
Woah! Check out (
)! The tips shared there are way better than (ticker) which does absolutely nothing…
My opinion, earnings will miss this time around like JPM and Goldman. Not taking any chances. Even if BAC posts good earnings, history tells us it will sell on the news anyway. Going to sit back and watch this one.
I hope BOFA covered the 800ml oz silver short position, if not for every dollar silver rises they loose 800ml dollars , they might be in deep do do !
Zero hedge said sell under $5 10 years ago. Instead, BAC rose 10 fold lol. Morale to the story, follow Warren Buffett.
The CEO commented they have over 2trillion of deposits - 1 trillion non interest bearing - so when rates go up .25 basis points they earn 2.5billion with no additional expenses - each 1% is 20 billion in. Revenue at 5billion of customer interest paid - golden age of BAC
Banks don’t look good when it can’t make a pop
BAC is expecting 10% organic growth for 2022. That get BAC to approx $35 Billion add in $6-7 billion from additional NII BAC could be looking at a $40billion NI this year.
I bought in at 46.60 at the end of the day. I saw nothing but good news from the report and call. I think the overall market kept it from going up 3-4 percent. I think if we ever get an up day BAC will go up nicely
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
By Carleton English
Jan. 19, 2022 7:38 am ET
Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earnings season.
Profits at the bank increased by 28% from the year-ago quarter, amounting to $7 billion, or 82 cents a share, beating the 77 cents projected by analysts surveyed by FactSet. Revenue of $22.1 billion was slightly lower than analysts’ forecasts but was 10% higher than the fourth quarter of 2020.
Buy more during this pre-market while it's still very cheap, will pop over $50 by opening today...
Even if earnings are real good you won’t recover today is loss
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