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This Quarter's Sentiment:
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SocialPicks Community
BAC is a SHORT
BAC
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+7.21%
in
45 days
With projected losses until the end of the year and the stock overbought. It's set for a bear rally.
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U.S. Lenders Lean on Investment Banking for Profits
BAC
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+19.23%
in
32 days
(closed on 08/04/09)
July 18 (Bloomberg) -- Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc., the three biggest U.S. lenders, reported a total of $10.2 billion in profits for the second quarter that relied on investment banking and asset sales to counter growing losses on consumer loans.
Bank of America , No. 1 in the U.S. in deposits and assets, reported net income of $3.22 billion, or 33 cents a share. Earnings at the unit that includes trading of bonds, equities and currencies more than quadrupled to $1.38 billion on improved credit markets. <> Chief Executive Office <> Kennet...
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Bank of America Corp
BAC
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-40.20%
in
514 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: | ...
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Bank of America Corp
BAC
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-40.20%
in
514 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: | ...
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Bullish on BAC ...
BAC
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+77.48%
in
214 days
I'm not a financial person, but my feeling is that banks have been slaughtered w/o discrimination during the recent market crash. Banks are in the business of making money and I think this is a long term pick with big reward potential.
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From the Blogosphere
Ken Lewis says he could stay on as CEO indefinitely
Tough Week for Intel and Dell (INTC, DELL)
 Nasdaq tech giants Dell Inc. (NASDAQ:DELL) and Intel Corp. (NASDAQ:INTC) after peaking on Tuesday (Nov 17th) have dropped 9% and 5.3% respectively.
Intel Corp. dropped 2.9% on Friday, the worse retreat in the Dow Jones Industrial Average, as BofA (BAC) said computer-chip supply may overwhelm demand. Dell Inc. tumbled 9% on Friday percent after profit decreased by more than half.
read more
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Bank of America Committee Solution
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Bank of America (BAC) is having a hard time identifying the new CEO. Who do you offer it to? Who will take it? Is there any similarity between the two lists? Why would you take it at this point? Watch for a decision to go with an Office of the CEO and perhaps three individuals trying to sit in the same chair. That way no one individual is truly responsible and the regulators and investors cannot figure out who to shoot at. This will allow some of the potential candidates to test drive. This may also allow a dark horse to come out of nowhere in the next year or so and pick up all the marbles...
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Ken Lewis' successor could be... Ken Lewis?
Filed under: Bank of America (BAC)  In the past, I've covered Rochdale Securities analyst Dick Bove's inane ramblings about how fantastically awesome Bank of America (NYSE: BAC) CEO Ken Lewis is. Last month he called Mr. Lewis "phenomenally good" and his notes to investors are beginning to have more in common with 12-year old girls' Valentines to Zac Efron than conventional research.
But he has outdone himself this time. While Bank of America's chairman of the board goes on a cruise instead of devoting all his energy to finding a successor, Mr. Bove has found the solution to replacing Ken Lewi...
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Chasing Value: E-Trade, a word of caution
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No Bank Too Big to Fail!
- As the government continues to pump the economy with stimulus money, it also continues to push for financial reform from the FDIC angle...
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About Bank of America Corp
- Answers.com
After previously announcing that he would leave the CEO post in December, Bank of America (
Look before you leap! All year long rumors have been swirling around that E*TRADE (
