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More on Bank of America (BAC): Adjusted EPS is $0.31/share (DVA adjustment cut $0.28 from...
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Thursday, April 19, 2012, 7:18 AM ETMore on Bank of America (BAC): Adjusted EPS is $0.31/share (DVA adjustment cut $0.28 from headline number). Provision for credit losses of $2.4B is off about $1.4B Y/Y. Net charge-off ratio drops to 1.8% from 2.61% one year ago. Tier 1 common equity ratio 10.78% vs. 11.32%, tangible book value $12.87 vs. $13.21 one year ago. Shares +5.3% premarket.
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While thses bloodsuckers are being heavily subsidized by grandmas across the country starving cuz they cannot get any interest on their savings. buffett the chump says let them earn their way out. yeah but off the backs of retirees and savers struggling to stay afloat.
And some people call this capitalism? Right bro.
Listen to all these socialists extrapolating out 'til 2017. when the next dollar and bond crisis hit bac will be toast with all their treaury holdings.
As the dominoes in europe fall, the bullseye will eventually be on the USAs back.
Wouldn't be surprised if they are earning $6 per share annually by 2017.