More on Bank of America (BAC): Adjusted EPS is $0.31/share (DVA adjustment cut $0.28 from...


More 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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Comments (6)
  • bbro
    , contributor
    Comments (10932) | Send Message
     
    BAC tangible common equity today 139 billion... end of 2008 58 billion
    19 Apr 2012, 07:28 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4801) | Send Message
     
    bac is a joke. I know of a house which has been in pre-foreclosure since Aug 2008 with an approx 1.5 mil loan. Probably worth about 850k. The people are still in the house and have not made a payment since. Multiply this across all the high priced regions countrywide went bezerk writing scam loans.
    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.
    19 Apr 2012, 09:21 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (10727) | Send Message
     
    At this rate, tangible common equity will be north of $250 by 2015.

     

    Wouldn't be surprised if they are earning $6 per share annually by 2017.
    19 Apr 2012, 07:43 AM Reply Like
  • bbro
    , contributor
    Comments (10932) | Send Message
     
    Company is just fine..as well as bonds and preferreds...stock that is another matter....
    19 Apr 2012, 08:11 AM Reply Like
  • Lawrence Kuznick
    , contributor
    Comments (7) | Send Message
     
    Retired Merrill Lynch employee of many years. Left before BofA takeover. BAC has risen wonderfully this year, but its almost demise in the last few years still puts it in danger territory, still well below book value. Along the way, the company became arguably one of the most reviled ones in America. Not only must it improve its price in the market place, it must work to improve its image. Will BAC ever get comfortably back to double-digit levels, with no fear of recourse to where it is today?
    19 Apr 2012, 09:03 AM Reply Like
  • MexCom
    , contributor
    Comments (3056) | Send Message
     
    And the dividend? A big boost will adjust down the strike price on the warrants. My bet is that the B's will stay north of $1 here on out.
    19 Apr 2012, 09:03 AM Reply Like
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