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 Bank of America Corp  (BAC)     Rate BAC  -  Discuss BAC  -  Add to Watch List         Graphic_subscribe

       Sector: Financial  >  Industry: Money Center Banks
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** v.s. other stocks 		This Quarter's Sentiment:
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BAC: Bull or Bear?



The Bank of America Bug Graphic_rating_sell BAC
+9.46%
in 7 days

My first position in Bank of America (BAC) was a 1/30 P on 6/4. Since then, I added a second position of 1/27.50s on 6/12. This week I added a third position of 1/22.50s on 6/24.

Everything I have read, and the credit climate I see, tells me this stock has the potential to drop down into the teens like Citi (C). While Citi has an unbelievable amount of exposure to the consumer lending market, BAC has a similar risk in its extremely heavy credit card portfolio.

By  Brian A. Davis   (+9.46%  risk: aggressive)  06/29/08 Comment


Bank of America Corp Graphic_rating_buy BAC
Foto
37%
 -16.70%
in 11 days

Bank of America (BAC) 
Click Here for the Strategy Report on this banking & non-banking financial services company.
Stocks Covered: Bank of America (BAC)
Target Returns:  15.30% or 26.86% Annualized *
Downside Protection: Up to 11.99%
Duration: 208 Days
Investor Level: Beginner to Advanced
Risk Level: Low Relative Risk

Analysts'
 Recommendation: 		Hold  
    30 Days Ago:
...
By  Marian Filo   (-5.87%  risk: conservative)  06/25/08 Comment


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Dodd-Shelby Housing Bailout Package Graphic_rating_buy BAC
-15.85%
in 12 days
The U.S. Senate voted 83-9 to limit debate to expedite movement of the Dodd-Shelby Housing Bailout Package. The Bush administration has vowed to veto the measure, but even so there may be enough votes to get it passed.

The bill is controversial. There are allegations that BAC wrote the bill, and stands to gain the most by its passage. Here's an excerpt:

  • "Bank of America stands to profit most from a bailout, after reexamining the bill, and not Countrywide. Countrywide is more like the pawn in a bigger game of economic chess (even though just over a year ago Countrywide was yet to feel any fina
...
By  bluedog   (-0.42%  risk: conservative)  06/24/08 Comment


Bought BAC Graphic_rating_buy BAC
-1.77%
in 4 days
(closed on 06/24/08)
I bought Jan. 2010 $35 BAC calls at $2.50. Today, JPMorgan said that Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) are among lenders with the lowest reserves to cover bad loans. JPMorgan thinks these lenders may raise more money to increase reserves. Bank of America has lower reserves compared with its peer group, and this will worsen after it buys Countrywide Financial (NYSE: CFC).
By  bluedog   (-0.42%  risk: conservative)  06/20/08 Comment


Countrywide: Potential Short Squeeze in the Offing Graphic_rating_buy BAC
-17.59%
in 14 days

Media reports that Bank of America (BAC) is targeting July 1, 2008 as the date for its acquisition of Countrywide Financial (CFC) have the potential to create a huge impact on the market if accurate. Reports that a letter sent to Countrywide branch managers specifying July 1st as the date are supported by SEC filings showing that Bank of America has shelved the appropriate number of BAC shares and CFC filings, placing a ban on Countrywide executives from trading between June 27th through July 2nd.

All of this is assuming that CFC shareholders approve the merger on June 25th, 2008.
By  H. Michael Arguello   (-14.61%  risk: aggressive)  06/22/08 Comment


Cramer on BloggingStocks: JP Morgan made a huge mistake Graphic_rating_sell BAC
+15.58%
in 13 days
(closed on 07/03/08)

Filed under: Industry, Market matters, JPMorgan Chase (JPM), Bank of America (BAC), Merrill Lynch (MER), Countrywide Financial (CFC), Goldman Sachs Group (GS), Wachovia Corp (WB), Washington Mutual (WM), Lehman Br Holdings (LEH), Stocks to Sell, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says the acquired Bear Stearns portfolio is worth even less than he thought.

How bad was that Bear Stearns portfolio? I am beginning to believe that JPMorgan's (NYSE: JPM) (Cramer's Take) buy of Bear is looking like a big mistake. It can only be justified by what might have been an even bigger p...
By  Jim Cramer   (-5.04%  risk: conservative)  06/20/08 Comment


Bought BAC calls Graphic_rating_buy BAC
-9.00%
in 7 days
(closed on 06/20/08)
I bought BAC January 2010 $35 calls for $3.20. Technicals are really ugly and there is speculation on whether BAC can maintain it's hefty 8.9% dividend. $25 seems to be a good level of support on the 10-year chart.
By  bluedog   (-0.42%  risk: conservative)  06/13/08 Comment


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Bought BAC calls Graphic_rating_buy BAC
-12.08%
in 16 days
(closed on 06/13/08)


I bought Bank of America (BAC) Jan'10 $35 calls at $4.55. BAC is exercising $1.9Bn worth of calls to up their stake in China Construction Bank (CICHF.PK) to 10.75% from 8.2% in China’s second largest bank. BAC’s original $3Bn investment in June 2005 is now worth about $30Bn.
By  bluedog   (-0.42%  risk: conservative)  05/28/08 1 comment


Short interest in Countrywide spikes, suggesting BAC deal in trouble Graphic_rating_sell BAC
+35.89%
in 45 days

Filed under: Deals, Bad news, Short stories, Bank of America (BAC), Countrywide Financial (CFC), Stocks to Sell

Short interest in Countrywide Financial (NYSE:CFC) moved up by a big 26 million shares as of May 15 to 102.4 million compared to the number on April 30. Someone thinks the deal for Bank of America (NYSE:BAC) to take the company over may be in trouble. Shares of a number of other financial companies were also hit hard during the period.

With everyone, including the FBI and US Congress, looking into Countrywide's lending practices and stock sales by management, the short gamble may b

...
By  Douglas McIntyre (BloggingStocks)   (+23.31%  risk: aggressive)  05/22/08 Comment


Cramer on BloggingStocks: Oil's not the widespread tax it used to be Graphic_rating_buy BAC
-25.63%
in 32 days
(closed on 06/20/08)

Filed under: General Electric (GE), Exxon Mobil (XOM), Market matters, Halliburton (HAL), Schlumberger Limited (SLB), Alcoa Inc (AA), Archer-Daniels-Midland (ADM), Bank of America (BAC), Boeing Co (BA), Chesapeake Energy (CHK), Chevron Corp (CVX), duPont(E.I.)deNemours (DD), Office Depot (ODP), Deere and Co (DE), Honeywell Intl (HON), United Technologies (UTX), Eaton Corp (ETN), Anadarko Petroleum (APC), Oil, Stocks to Buy, Burlington Northern Santa Fe (BNI), Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), Cramer on BloggingStocks, Potash Corp. of Saskatchewan (POT)

TheStreet....
By  Jim Cramer   (-5.04%  risk: conservative)  05/19/08 Comment


Bank of America: Dividend Growth Will Continue and the Price Looks Right Graphic_rating_buy BAC
-9.53%
in 52 days
(closed on 12/28/07)
Many readers have asked that I show the Dividend Valuation Model for Bank of America. The company recently announced disappointing earnings and has seen it price fall off with the other big banks.

Having said this, I believe the bank is dealing with its issues in investment banking and will be one of the first big banks to get its writedowns behind it.
The current dividend yield is 5.5%. BAC has raised it dividend in each of the last 20 years. Dividend growth, during that time, has averaged nearly 13%, and nearly 15% over the last 5 years.

The past is no guarantee of the future, but I believe ...
By  gregdonaldson   (-9.64%  risk: conservative)  11/06/07 Comment


Bank of America Q1 Falls Short, Lowering Estimates But Maintaining Hold BAC
-39.70%
in 75 days
4/21 - "Bank of America reported 1Q08 EPS that was below consensus (23 cents vs. 41 cents). While revenues and expenses were roughly inline, and capital markets charges came in better than expected ($2B vs. $3B), credit provisions were up 82% linked qtr (to $6B), reflecting higher charge-offs and reserve builds. We lowered our ests. anticipating higher credit costs going forward and maintain a downward bias. The stock reflects this earnings uncertainty and is trading below its long-term forward multiple (9x '09 EPS vs. 10x 5-yr. avg.). Maintain Hold." "According to management, BofA expects...
By  Mike Mayo (Deutsche Bank)   (-33.07%  risk: aggressive)  04/22/08 Comment


Bank of America Will Emerge a Healthy Survivor, Reiterate Neutral BAC
-39.70%
in 75 days
4/22 - "The nation’s largest retail bank saw its net profit fall 77% and its earnings per share were $.23 -- a significant disappointment from consensus estimates of $.41 per share. Bank of America CEO Ken Lewis blamed $1.3 billion in trading losses and the need to increase reserves for potential charge-offs of bad loans...BofA does have some options when it comes to shoring up its balance sheet and--when compared to other investment banks--BofA’s overall risk exposure to the credit markets is fairly modest." "Bank of America’s results do not greatly concern us as they are relatively unrem...
By  Ockham Research   (-15.46%  risk: moderate)  04/22/08 Comment


despite earnings fell Graphic_rating_buy BAC
Astukphoto
52%
 -40.69%
in 76 days

Powered by Minyanville: BAC Earnings

April 21, 2008 - Bank of America's ( BAC ) earnings net fell 77% to $1.21 bln, or 23 cents per share in the first quarter. The figure was far below consensus estimates which called for the second largest U.S. bank to report $0.41 per share. Revenues fell 6.4% on a y/y basis to $17.3 bln vs. $16.46 bln consensus. The company also reported $1.31 bln in trading-related losses which included $1.47 bln in writedowns of collateralized-debt obligations and $439 mln on leveraged loans.
Believe there is upside in BAC in the near-term can set sell-sto...
By  Armin Stuk   (-3.19%  risk: conservative)  04/21/08 Comment





People Bullish on BAC

keithcustodio
Analyst
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1 day ago

gary222
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1 day ago

mikeccall
Analyst
N/A
2 days ago

bhillis
Analyst
N/A
2 days ago

348546345_ed90e9d509
Alex Smith
Analyst
47%
8 days ago


People Bearish on BAC

kavdawg
Analyst
N/A
1 day ago

bryan.pham
Analyst
N/A
1 day ago

dibaris
Analyst
N/A
2 days ago

Jim Cramer
Tracked Blogger
43%
3 days ago

ragas
Analyst
63%
5 days ago

ROCK-STAR INVESTORS
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1 The Big Bear 20.81 +27.89% 39
2 toxic 15.03 +26.51% 29
3 utopius 13.48 +25.35% 10
4 David Young 11.01 +8.24% 1
5 Aaron Day 10.72 +10.57% 3


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Discussion Wall + Add  

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renato gerena   (-8.47%  risk: conservative)
best stocks for 2008 - vote and talk about the best stocks http://madmoneyfund.blogspot.com/
+   4 replies

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punished Financials - When should I start to bottom-pick?
+   1 reply

stockpyle   (-44.92%  risk: aggressive)


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