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More on the Bank of America (BAC) upgrade: Evercore isn't frightened away by the doubling in...

More on the Bank of America (BAC) upgrade: Evercore isn't frightened away by the doubling in BofA's stock last year, noting the move came off a ridiculously cheap price. The bank stands out among its TBTF brethren as having the "greatest identifiable levers" for higher earnings. Knocked out as Evercore's top large-cap bank stock is Wells Fargo (WFC).
Comments (6)
  • idkmybffjill
    , contributor
    Comments (1570) | Send Message
     
    Why wasn't it rated a buy @ $5? As usual, let's mark it a buy after a 100% runup.
    2 Jan 2013, 09:38 AM Reply Like
  • gwynfryn
    , contributor
    Comments (3898) | Send Message
     
    Yes, it's amazing isn't it, how many "experts" appear to inform you "it's a screaming buy!", once the price has doubled...
    2 Jan 2013, 10:50 AM Reply Like
  • rgperrin
    , contributor
    Comments (638) | Send Message
     
    Because recommendations are mostly made with 20-20 hindsight. Note, for example, that, many times, recommendations turn to "sell" (from "buy" or "hold") only have a stock has already experienced a major decline in price.
    2 Jan 2013, 01:16 PM Reply Like
  • swampfox1
    , contributor
    Comments (41) | Send Message
     
    I believe (BAC) it's just getting started; just wait until Merrill Lynch starts to kick in on individual trading. Yeah, long at $7.52~~Yippee!
    2 Jan 2013, 11:11 AM Reply Like
  • mrmath
    , contributor
    Comment (1) | Send Message
     
    now that the socalled experts have made there money, they need "you" to buy so they can get out. I agree why wasn't it a buy at $5 or $6 or $7????
    2 Jan 2013, 01:01 PM Reply Like
  • gwynfryn
    , contributor
    Comments (3898) | Send Message
     
    Aw gee, do you mean that they don't just give out these recommendations from the goodness of their hearts?
    3 Jan 2013, 09:10 AM Reply Like
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