jimsep

The Bank of America Bug

Contrary to my expectations, Wachovia beat CITI in the downward race to $15. But CITI willo get there soon. Now it is a race between Bank of America and Wells Fargo. My guess is that Bank of America will come from behind to win this one. The reason--- Countrywide.

Bank of America: The Most Popular Dividend in America?

Banks are reluctant to decrease dividends, because investors have nothing else they can count on. They can't believe managements, Wall Street analysts or the talking heads on CNBC.

But things don't look better at Country Wide and loan losses on the original bank continue to get worse.

So it is not a safe dividend

No Reason for BofA - Countrywide Merger to Fail

Good Luck Thet are both headed south

Citi Trading Below Book

1. CITI's book value is a rapidly moving target--- downward.
2. You are probably right about Bank of America-- that stock will crash.