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Bank of America Corporation (BML-PJ)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 3:42PM EDT
199,349 reactions on $BML-PJ conversation
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No one knows what the dividend increase will be but for whatever reason to me it feels like another 12 cents over the year bringing it to .84 from the .72 where it sits now. What are the opinion of others on the board?
Decide to buy BAC on the dip last week and added more today.
Point is to sell CC calls , wait for all financials to rally up once fed raises interest rates and the most important part...
Stress test tomorrow which will allow the top 6 financials to buy back shares and increase dividends.
Sell weekly CC and collect dividends on a reliable stock.... what's not to love.
Two big blocks passed the "tape" at 16:00:02. Both buys. At $39.97. What's big? 4,169,923 big. EACH. Total volume on the day was +43.4M So you had ~18% of the volume for the ENTIRE day, the ENTIRE DAY, zip across in the micro-sec after the bell.
But at least they were buys, eh?
William , Great Call , Look's Like , BAC , Is On It's Way Back Up , Maybe By Thursday , We Will Return To $41.50 , And It Look's Like , BAC , Announcement , CCBA , Maybe The Following Thursday , DIV. Increase , And Another Huge Stock Buyback Program , And We Will See A Very Large Stock Price Increase To $46.00 Or Much More ; GLTA ,
Last week, I noticed there were a few posters (Mr. richard included) who bought a $41 BAC expiring this Friday. They didn't post the price they paid, but it must have been at least $1.75. Well, today, that exact same call option closed with a 12 cent bid. Hey, I warned you guys about playing with short-term options. Even if the underlying stock goes up, you could still lose all your money. Sorry.
Janet Yellen will wave her magic wand for Banks tomorrow.
Any predictions for Friday, assuming restrictions are lifted for banks to return capital to stockholders?
BAC is expected to earn $3.15 this year. Most likely exceed that amount with more reserves being released in Q2 and Q3.
They had some interesting insights about BAC on (
). Definitely made me think twice about the company.
picking up some $41 strike call options on the cheap, expiring next Friday a day after CCAR...I like my odds :)
Economy is hotter than expected. Rates are going to go up. Time for another stimulus, right??
It does not matter that the Fed is pushing down long term Treasury rates using quantitative easing bond purchases. Banks are going to raise loan rates to adjust for inflation now. No lender in their right mind is not raising rates to account for rising prices and lost purchasing power of money over time. Fed policy is now disconnected from reality. Bankers know it. They cannot trust the Fed, which is now politically driven. Nothing the Fed can do to stop banks pricing loans higher with higher interest rates. Banks will earn higher net interest margins going forward. Banks will surprise bid to upside on their profits in remainder of 2021. Also, many businesses going to banks to finance their growing working capital needs. Banks can price loans high due to surging loan demand. Let the good times roll for the big banks!
All what we need as BAC longs is a strong inflation, so high rates come quicker
Will Master let the Pooch get back north of $40? Let's see. bid $39.83.
I'm thinking that most of the posters watch Fox News, which is the US subsidiary of the Russian News Agency. They actually think the world is coming to an end. Not so, your Krazy Kue Kids! The Boss returned from his successful European mission and has the world back under control! His 2021 bull market will continue!
Well I thought the Pooch would run to test a sub $41 print sometime this week. I didn't think it would be today, or most likely, tomorrow. The sell side has been patient, and relentless, in walking the bid south. Looks like the set-up is to go sub $41. Bid now $41.17.
$2.30 below the 50dma. BAC won't stay there long. When it drops below the 50 dma, it almost always spends less than a week there. Time to buy up big time.
Roughly an hour and a half into the session and the pooch has tested the ~$41.70/.75 zone four times already. Each time yanked back. I guess we know where Masters line is for today don't we? Bid $41.71.
If you are a real long I dont know what you are complaining about. This is a stock that has grown over 200% in 5 years. If you bought this in 2015-16 you are getting almost a 6% dividend for your investment on a stock that in a year or so will be over 50 easily.
And if you dont have a position the 30s is a good entry point for some decent gains in a few months.
I am betting BAC breaks $45 and heads to the $50s , looks like it just wants to run
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