Market Currents

From here forward, Bank of America (BAC) and its TBTF brethren will have to make money through...

Thursday, January 17, 8:27 AM ET
From here forward, Bank of America (BAC) and its TBTF brethren will have to make money through operations. Reduced provision for credit losses added about $7B to income in 2012 (vs. total income of $4.2B), but provisions now stand at $2.2B, giving far less room for additional earnings boosts. Shares -1.5% premarket. (earnings)

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This news story has 5 comments:

bbro Comments (7826)

They are loaded with TCE...

17 Jan, 08:30 AM Reply Like

holydawn Comments (55)

TCE?

17 Jan, 01:22 PM Reply Like

21thomas99 Comments (216)

TCE = Tangible Common Equity; a metric used to determine a bank's ability to absorb losses.

TCE is a ratio used to determine if a bank has become insolvent.

17 Jan, 01:26 PM Reply Like

alphaalerts Comments (7)

Sell BofA! I want to buy in at a lower price! The growth in my investments in BofA this year will finance my retirement for the next 30 years. And I don't short anything or buy puts in an up market. Most of my investing is in new misunderstood companies that can either make you rich or poor. So I need one or two to keep the family fed. Right now that is BofA. You can listen to the hype or you can spend hours going over financials and know for sure BofA is going under. Or you can get on the train and you will really like Bank of America at this time next year.

17 Jan, 10:45 AM Reply Like

swampfox1 Comments (21)

alphaalerts? WWWWWhhhhhaat??????

17 Jan, 12:17 PM Reply Like

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