User 159681

3 Reasons To Be Bullish on the Investment Banks

If an investor has decided to acquire bank stocks, it is recommended that you do not discount or avoid purchasing BAC. It is currently trading at -$15.00 off its high, and the current yield is very good. This bank should do well in the long term.

Time to Short Financial Stocks - Starting with BofA

Let me see if I understand the logic of shorting BAC. Dividends still in tact, possible purchase of another financial institute at a drastically reduced price, the housing market showing some signs of closing in on the bottom of its slide, the FEDs ready to again reduce interest rates if necessary, and unemployment numbers remaining at reasonable levels. I do not think shorting BAC makes good financial sense. By the way, I own BAC and appreciate the dividends.