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More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in...

More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB.
Comments (4)
  • profix
    , contributor
    Comments (3) | Send Message
     
    Guess BAC has had it's day, time to go to Citi
    9 Jan 2013, 03:31 PM Reply Like
  • samalberastine
    , contributor
    Comment (1) | Send Message
     
    This is an outright conspiracy by Wall Street - they didn't want BAC price share to go up to $15.00 that's is why they have to downgrade the stock.....BAC was trending to go up to $15...shame on Wall streets
    9 Jan 2013, 03:32 PM Reply Like
  • Noquiche
    , contributor
    Comments (197) | Send Message
     
    If you look at the runup from 5 to 12 the stock is acting pretty consistently. It needed a pullback and consolidation. Still think it will be 14-15 by end of year.
    9 Jan 2013, 04:45 PM Reply Like
  • masonkelsey
    , contributor
    Comments (17) | Send Message
     
    This is called an opportunity to buy at a lower price.
    10 Jan 2013, 04:01 AM Reply Like
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