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billmichael

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  • Bank Of America: Singled Out For 2015 CCAR Failure? [View article]
    There is a tendency by some here to paint Bank of America as a tiny little operation working out of the basement of an office building somewhere in North Carolina however the reality is that Bank of America is listed as the number twelve bank on planet Earth with 2.1 trillion dollars in assets. Only the banks in China, Japan, and JP Morgan Chase have more money. Bank of America is cheap right now because it is putting its past behind it. It is not going away unless an asteroid hits and turns the Earth inside out. You can say all you want about how it compares to the other big names in banking here in the states but the undeniable fact is that BAC is rated the 12th largest bank in the world and it's cheap right now. It will not be cheap in the future.
    Mar 1, 2015. 01:42 PM | 2 Likes Like |Link to Comment
  • Fed Plans Favor Bank Of America [View article]
    I also am aware of a March share buyback rumor and whether it is still on?
    Feb 26, 2015. 05:13 PM | Likes Like |Link to Comment
  • Tax-Minimizing Trades And Layoffs Rock Bank Of America [View article]
    " ... another strike against the bank's sour reputation on its HOME TURF. "

    Just goes to show, "You reap what you sow."
    Feb 15, 2015. 12:07 AM | 2 Likes Like |Link to Comment
  • Bank Of America - How A Greek Fix Fast Tracks The Stock To $18 [View article]
    I know that investors, more than anything, don't like uncertainty.
    But, "Hey!" What about the Bank of America stock buyback that is supposed to happen in March..? Is that still in the works...???
    Feb 13, 2015. 08:33 PM | Likes Like |Link to Comment
  • Bank Of America Corp Receives Partial SEC Waiver [View article]
    I don't disagree with you at all. Shareholders have borne the expense as the stock tanked and shareholders have borne the expense (via fines and stunted valuation) as the stock has risen. Somehow, no one has ever been able to catch up to the bag-man. I wonder what kind of trophy U.S. Government officials awarded themselves for raking this bank over the coals despite that BAC cooperated with them in purchasing Countrywide Financial and let's also never forget that banks in general were pressured by the feds via congressional legislation signed into law by President Clinton to make loans to people who clearly couldn't afford to pay them back. I don't think Eric Holder should consider it a proud moment that his office got 17 billion dollars out of BAC when what it really means is that the feds were derelict and failed to do their jobs in the first place.
    Nov 26, 2014. 12:27 PM | Likes Like |Link to Comment
  • Bank Of America Corp Receives Partial SEC Waiver [View article]
    I've been following this article and its comments since it was published a few days ago and comment after comment has been deleted by SeekingAlpha for no other reason than to point out that "funfun" makes it his mission to bash Bank of America. Whoever "funfun" is he must have a special relationship with the SeekingAlpha publishers because they are protecting him. He can say anything he wants as often as he wants about Bank of America and they will do nothing to recognize the fact that he is obviously acting as a shill or a stooge. I can tell you that Bank of America has been very, VERY good to me in the previous three years having gone from five dollars to eighteen dollars. This article chronicles another of the important events in the long and arduous recovery of this global banking concern. This is how fortunes are made. Fortunes aren't made in the stock market by buying McDonald's at the peak of its valuation. Fortunes are made by investors who recognize value when they see it and have the wherewithal and the guts to risk money. I purchased shares of Bank of America when they were seven dollars apiece and now they are more than twice that amount. I have followed BAC closely, proceeded carefully with the purchase of additional shares as Bank of America has prevailed in each of the challenges forced upon it. Everyone wants a proven winner but a winner won't be found in the bargain basement. The financial reward enjoyed by making investments come when the investor picks companies that measure up and show promise. Bank of America is a good company, a global company, a necessary to the health and survival of sovereign nations type of company. It's not going anywhere. It is going to recover and grow. Even if Bank of America were severely punished by the U.S. Government and was forced to split up that would seed the growth of new companies making its investors that much richer. I have always known that Bank of America was going to recover and become profitable because it occupies a strategic position within the global economy. Whether one realizes it or not or if one even refuses to realize it, Bank of America is making money, paying off it debts, paying its fines, and re-emerging as a better company.
    Nov 23, 2014. 04:35 PM | 1 Like Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    You think so...??? BAC has already hit $18.00 last March. This spring (2015) when the stock buyback begins it will probably exceed $18.00.
    Nov 18, 2014. 11:15 AM | Likes Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    Dang...!!! I MISSED That...!!!
    Nov 18, 2014. 11:13 AM | 1 Like Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    When one considers the "thanks" they got, hopefully Bank of America (NYSE:BAC) will never again try to help the U.S. government by purchasing a company like Countrywide Financial.
    Nov 17, 2014. 11:38 AM | 9 Likes Like |Link to Comment
  • Bank Of America: Fasten Your Seat Belt And Prepare For Takeoff [View article]
    "Too soft..."...??? I think that the highest fine for any company in history isn't enough for Commissioner Luis Aguilar as he just wants his cut.
    Nov 11, 2014. 12:52 PM | Likes Like |Link to Comment
  • Bank Of America: Selling Into Market Weakness Is Never A Good Idea [View article]
    I think BAC is over the hump.
    Oct 16, 2014. 09:44 PM | 6 Likes Like |Link to Comment
  • Bank Of America Is America's Least Favorite Bank [View article]
    This is just an ad for BOFI. Warren Buffet has already more than doubled his money. There's an old saying, "Politics is all local", and I believe so is banking.
    Oct 10, 2014. 09:57 PM | Likes Like |Link to Comment
  • Bank Of America Is America's Least Favorite Bank [View article]
    This just sounds like an ad for BOFI. Furthermore, Warren Buffet has already doubled his money, I doubt one could call him "wrong" for investing in BAC. Finally, like the old saying, "Politics is all local.", so is banking.
    Oct 10, 2014. 09:54 PM | 1 Like Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    BAC was at 18.03 in March of this year.
    Sep 7, 2014. 03:10 AM | 1 Like Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    Definately something to look forward to.
    Sep 6, 2014. 08:59 PM | 1 Like Like |Link to Comment
More on BAC by billmichael
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