wholesalecd

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

You think C is going away. I bet you hundred grand that C is NOT going out. From the numbers C is in better shape than BAC.

JAY BOY BILLY


On May 10 11:30 AM ebschor wrote:

> Looks like we got hustled and you got squeezed. The difference is
> we are full of cash and you are trying to write long, drawn out articles
> to hopefully get enough people scared to sell so you can make back
> some of your losses.
>
> The banks will recover. It's not like this hasn't happened in the
> past. Bank performance will continue to improve over time. BAC, Wells,
> JPM, GS, MS, etc. will all be powerhouses of the recovered economy.
> I specifically left out C, because I think that financial institution
> will be broken up and sold. It will also be removed from the DJIA
> along with GM.

Credit Default Swaps Show a Decrease in the Fear Trade

In other words BUY Citigroup NOW before you get left in the dust.

Actually I would be buying any of the banks right now.

Once it gets going and the economy improves this level will not be repeated again.

JAY BOY BILLY

Bank of America's $34 Billion - Is That All?

I'm buying Citigroup now that they ARE in better shape than BAC. The CEO of BAC said two weeks ago that BAC isn't in the same trouble as Citigroup. Well we all now know the truth. He was flat out wrong.

jay boy billy

Bank of America Doing Worse Than Citi?

Hi input indicated that BAC would be LESS LIKELY to nationalize than that of a bank like Citi. There is no indication in this report that this person would be shorting BAC..

Maybe you should read things TWICE before posting something that makes no sense.

jay boy billy


On May 06 04:47 PM BrianZ wrote:

> Wake up to reality, please. BofA is not going to be nationalized
> - it is levered to housing which has stablized, so if anything the
> "stress test" is nothing more than an academic exercise. The econimic
> data points to a real recovery on the horizon. Nationalization of
> BofA is off the table. You need to come up with another angle and
> go short something else.
>
> The BofA preferred's jumped today and that's one way to play the
> stress test news (speculating that they'll convert the preferreds
> to common), considering how the Citi preferred's have traded up since
> news of their conversion.

Stress Test Leaks: Endgame Emerging

I agree with the leaks. It's almost like these banks are working in cahoots and taking turns leaking info. These banks are all interconnected anyway. All the CEO's and CFO's know one another and pass on information to one another.


On May 04 09:23 PM Donald Johnson wrote:

> I agree that the leaks probably are intended to test the market's
> reactions. But today's surge in bank stocks' prices seems irrational
> and may be giving a false positive. How much of the rally is due
> to short covering? What kind of black box trading is distorting the
> markets?
>
> And why the leaks against Wells? Is it being punished because its
> CEO has been politically incorrect about TARP and his desire to return
> TARP funds to the government?
>
> And Geithner has said that the stress test is designed to identify
> banks that couldn't lend under the worse scenarios. Is that an honest
> stress test?
>
> If a bank could survive the worse scenario by reducing lending, why
> should the government dilute shareholders. After all, under the worse
> scenario, who would want to lend, and what harm would be done if
> there were less lending?
>
>

Stress Test Leaks: Endgame Emerging

Because for banks it's ALL ABOUT LENDING. That's how banks make the bulk of their profit by lending at a higher interest rate than what they pay. If there's NO lending there's no business.

Jay Boy Billy


On May 04 09:23 PM Donald Johnson wrote:

> I agree that the leaks probably are intended to test the market's
> reactions. But today's surge in bank stocks' prices seems irrational
> and may be giving a false positive. How much of the rally is due
> to short covering? What kind of black box trading is distorting the
> markets?
>
> And why the leaks against Wells? Is it being punished because its
> CEO has been politically incorrect about TARP and his desire to return
> TARP funds to the government?
>
> And Geithner has said that the stress test is designed to identify
> banks that couldn't lend under the worse scenarios. Is that an honest
> stress test?
>
> If a bank could survive the worse scenario by reducing lending, why
> should the government dilute shareholders. After all, under the worse
> scenario, who would want to lend, and what harm would be done if
> there were less lending?
>
>

Stress Test Leaks: Endgame Emerging

Oh yeah, letting bankers use their imagination got us in this mess. Well, should I say imagination AND greed.

Jay Boy Billy


On May 04 07:54 PM yellowhoard wrote:

> Mark to myth sounds too negative. I prefer mark to imagination.<br/>

Fed to Banks: Keep Quiet About Stress Test Results

IT'S THE BANKS THAT CAUSED THE SWINE FLU SO TO DIVERT ATTENTION TO SOMETHING ELSE.

Banks No Longer in Crisis Mode

No big crisis in the first place?????? WOW! are you ignorant or just kidding?????

I hope the latter

jay


On Apr 19 11:11 AM ron_paulite wrote:

> Yes, I knew that all along there was no big crisis in the first place.
> And Paulson, Geithner and Ben got it right, as always. And Bush and
> Obama too. Everything has always been under their control. Yes, we
> can!

Banks No Longer in Crisis Mode

To say that banking is no longer in crisis is irrational. Yes, it's showing some promise but we have a ways to go.

In saying that I am buying BAC and some Citigroup.

Jay

Citigroup: Another Modest Upside 'Surprise'

Maybe or guess what? Maybe not. Great and wonderful script there. Citi already knows the results of S T R E S S test. They just aren't releasing the information.

The Next Leg up in Financials

I see the financials as a whole starting to stimulate upswing towards end of this year. This is the truth. It will happen. Nationalization????

Ain't gonna happen cause Obama said so

AmEx Shares Could Double - Barron's

American Exp is a company that requires a substantially higher credit rating that Visa so I feel they will be fine in the default area. As far as fees go they are going to profit and return some of this back to the government and so on. There is also interest which this author didn't make a big deal on but "HEY" they are a Credit Card Company.

Jay

Bank of America Continues to Stand Strong

All you Obama haters have to remember who was in office when all this mess started. I don't even have to mention his name.

Obama's left with cleaning up the mess from the war to our drenching economy, he has his plate full

Jay

Bank of America Continues to Stand Strong

It doesn't matter that you're commenting from an investors point of view. You still work for BofA which makes you slightly biased.

Again, you had some nice points but you downgrade yourself by not being able to take criticism.

Simple as that, Just take it and move on......

Jay

On Feb 22 09:00 PM Farah Lalani wrote:

> Thanks for the comment wholesalecd. But i am not denying that my
> article is not biased as it is obviously pro-BAC as you can tell
> from the title. However, my comment actually says that I am not biased
> "because i work for the company," but my thoughts are rather influenced
> by investing in BAC.