Bank Of America: Piercing Its 'Opaque' Balance Sheet [View article]
Good work on Level 3--very educational and informative.
I have read Moynihan has actually done well with the capital and liquidity side.
The "X" Factor seems to be the unresolved liabilities with all the lawsuits. If BAC can navigate those, I like their prospects.
But right now it is "half a billion here, half a billion there" every quarter for settlements. Glad they got the one today settled because it had some of the most negative public relations attached (racial discrimination, etc).
Beat Buffett's 6% Yield With Bank Of America Preferreds [View article]
I did really well on preferreds with the PGF.
I like the preferred in an etf or index type form. There is lots of risk with just one firm and it may not be worth the reward--even at 7%....Probably ok for Buffet, but not me.
I recall thinking: GM could never go under...just before it did...
But the etfs with preferreds seem chock full of European bank holdings that make me leery. Any good preferred etfs light on Euro bank-holdings?
Bank Of America: Piercing Its 'Opaque' Balance Sheet [View article]
I have read Moynihan has actually done well with the capital and liquidity side.
The "X" Factor seems to be the unresolved liabilities with all the lawsuits. If BAC can navigate those, I like their prospects.
But right now it is "half a billion here, half a billion there" every quarter for settlements. Glad they got the one today settled because it had some of the most negative public relations attached (racial discrimination, etc).
Beat Buffett's 6% Yield With Bank Of America Preferreds [View article]
I like the preferred in an etf or index type form. There is lots of risk with just one firm and it may not be worth the reward--even at 7%....Probably ok for Buffet, but not me.
I recall thinking: GM could never go under...just before it did...
But the etfs with preferreds seem chock full of European bank holdings that make me leery. Any good preferred etfs light on Euro bank-holdings?