Buy Ahead Of Earnings: 2 Banks, 2 Oil Companies And Coca-Cola [View article]
The time to buy BAC is after earnings and dump one week before. Don't believe me check out Whispers numbers and look at how they have fared with earnings.
A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
This is the same group of senators who were apart of the super committee, huh.....These same people couldn't figure out a way to buy themselves out of a wet paper bag. They know nothing much less finances.
There is also the taxes repercussions of splitting the banks into profitable and non profitable, together they balance. They also allow for high cost services at little to no charge to consumers. I do hope someday in my life time I am able to see a respectable dividend again in BAC
More on bank capital return plans: JPMorgan (JPM) an increase in the dividend to $0.38 from $0.30 and $6B in share repurchases over the next year (the plan was approved, but the Fed has asked for a resubmission this year). Bank of America (BAC) no increase in the dividend, but share repurchases of $5B and the redemption of $5.5B in preferred stock. [View news story]
I'm hoping these preferred are those belonging to Buffet. He's getting one hell of a return.
Opportunity Knocks: Buy These Banks Before Earnings [View article]
BAC is down 90% of the time after reporting earning even when they are good. Historically, the best time to buy this stock is 1 mo after earnings and ride it higher within 2 wks of earning then sell, just my own opinion.....
The House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO Angelo Mozilo made preferential loans to Congressmen and their staffers through his "Friends of Angelo" program and other initiatives. Though still calling the allegations "serious matters," the committee says they're largely outside of its jurisdiction, due to their age and the current status of the loan recipients. [View news story]
Sorry Realitybiter, banks are not the architects of the mortgage fraud. Banks service loans which means they collect payments. If you want to blame an entity and there's plenty to go around, you can start with the appraisers who were doing drive-by appraisals and valuing houses way more than they should. You can also blame brokers and underwriters for not fulfilling their obligations in verifying incomes and credit checks.
Banking 101: How To Play This Risky Sector For Profits [View article]
Um, am I confused? I thought the libor suits were brought against the banks making them the defendants by loan borrowers whose interest rates were based on libor rates making them the plantiffs.
More Reasons To Buy Bank Of America Shares Now [View article]
RS, great article. But for people to invest with a company who put a bad taste in their mouth they have to have money, to have money they need a job both of which are hard to come by these days thanks to an inept Congress, just my POV.
BofA Wins Big In Court, May Have Finally Contained Countrywide-Related Lawsuits [View article]
I think you are mistaken, it was the same judge who heard the original case also agreed to the settlement, not the appeal. The appellate court just agreed with her decision.....
Will U.S. Banks Cut Their Dividends Due To Basel III? [View article]
Not this congress, they can't pull their heads out of the arse long enough to work with the ideas and tools supplied by BO, and the same will hold true for the next president. As long as this congress is in office, this country is going no where any time soon.
I don't understand. If you're selling puts then your bullish, but yet MBIA is up to their neck in lawsuits resulting in a downward move on the stock raising the puts, aren't you raising your risk that you will be assigned and paying more to cover the put short?
Buy Ahead Of Earnings: 2 Banks, 2 Oil Companies And Coca-Cola [View article]
A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing. [View news story]
Break Up The Banks To Unlock Value [View article]
More on bank capital return plans: JPMorgan (JPM) an increase in the dividend to $0.38 from $0.30 and $6B in share repurchases over the next year (the plan was approved, but the Fed has asked for a resubmission this year). Bank of America (BAC) no increase in the dividend, but share repurchases of $5B and the redemption of $5.5B in preferred stock. [View news story]
Opportunity Knocks: Buy These Banks Before Earnings [View article]
The House's Ethics Committee has ended its probe of allegations former Countrywide (BAC) CEO Angelo Mozilo made preferential loans to Congressmen and their staffers through his "Friends of Angelo" program and other initiatives. Though still calling the allegations "serious matters," the committee says they're largely outside of its jurisdiction, due to their age and the current status of the loan recipients. [View news story]
4 Financial Covered Calls [View article]
Banking 101: How To Play This Risky Sector For Profits [View article]
Bank Of America Might Have A Big Earnings Surprise [View article]
More Reasons To Buy Bank Of America Shares Now [View article]
BofA Wins Big In Court, May Have Finally Contained Countrywide-Related Lawsuits [View article]
Will U.S. Banks Cut Their Dividends Due To Basel III? [View article]
Trading Cash Secured Puts On MBIA [View article]
Trading Cash Secured Puts On MBIA [View article]
Facebook: Dead On Arrival For Investors? [View article]