Is Bank of America (BAC +1.8%) ready to focus on growth? CEO Moynihan tells CNBC the downsizing...

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vallies Comments (344)
 
Take a look at KEY,PFG,BAC or HBAN. HBAN had a record net income of 18%y/y. It had a nice buy back of 23 million shares at 6.33 and another at 6.36. It just had a very nice CL, commercial loan for 34.8 million. Consumer sentiment is up in the Midwest. It trades slightly above book value. It has a P/E below 10%. It has a dividend yield of 2.5%. I can't believe investors would rather be in the 10yr treasuries which gives you a zero percent return on your capital than" to be" in one of the banks mentioned above. So now that you know the answer, you should know what "not to be " in.
24 Jan, 01:55 PM Reply Like

Colin Doyle Comments (579)
 
One small correction, vallies: PE is a measure without units except for one exception. That is, it can be expressed in "years" but rarely is. If you want to relate it in terms of a percent, you can invert it and multiply by 100% and--in the case of HBAN--say: "it has an earnings yield above 10%".
26 Jan, 02:13 PM Reply Like

Rickyclemson Comments (12)
 
Let the BAC journey begin again, $20 by July
24 Jan, 03:08 PM Reply Like

vallies Comments (344)
 
Don't forget C. Tepper is very upbeat about it, Listen to Michael Corbat and his outlook.
24 Jan, 03:45 PM Reply Like