Seeking Alpha

Bank of America (BAC +0.3%) is posting a small gain on an ugly day for financials, thanks to...

Bank of America (BAC +0.3%) is posting a small gain on an ugly day for financials, thanks to positive comments from JPMorgan. The remarks come as BofA reports it reduced its ATM footprint by 9%, or 1,536 units, in 1H, in large part by removing most of the systems installed at U.S. gas stations and malls. The removals are part of BofA's efforts to produce $8B in expense cuts, and to focus on its most profitable clients.
From other sites
Comments (5)
  • Mike Maher
    , contributor
    Comments (2610) | Send Message
     
    Also Walnut Place lifted its objection to that $8.5 billion settlement. That removes some uncertainty around the name.

     

    http://reut.rs/PKSP6U
    23 Jul 2012, 03:16 PM Reply Like
  • MexCom
    , contributor
    Comments (3053) | Send Message
     
    Things are bad but not that bad. Thanks for posting the link for another green shoot for them.

     

    At a BAC ATM yesterday - it was out of order. I'm not a customer of the bank but they accepted my brokerage visa card and gave me a cash advance. I was impressed with their friendly service. This could be a way of gaining more customers.
    23 Jul 2012, 03:22 PM Reply Like
  • Invester X
    , contributor
    Comments (3) | Send Message
     
    The thing I dont totally understand as an invester and maybe someone out there can help me out. Everyone wants there share price to go up and everyone is upset that its low. So because its low alot of people are sueing them left and right to get money. Do people realize if they all got together and stopped the lawsuites, There shares would sky rocket and everyone would make money and be happy.
    23 Jul 2012, 06:31 PM Reply Like
  • Colin Doyle
    , contributor
    Comments (725) | Send Message
     
    Huh?
    26 Jul 2012, 06:38 PM Reply Like
  • Invester X
    , contributor
    Comments (3) | Send Message
     
    I am a strong believer that BAC will recover 100% and suprise alot of people.
    23 Jul 2012, 06:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector