$12.64

-0.41 (-3.14%)

7/2/2009 4:15 PM

Bank of America Corp (BAC)

CAPS Rating:

The Company through its subsidiaries, provide banking & nonbanking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate & Investment Banking & Global Wealth & Investment Management.

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Total Members

7493 Outperforms

1213 Underperforms

All-Stars

1853 Outperforms

392 Underperforms

Wall Street

24 Outperforms

2 Underperforms

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Ticker Tags

Buffett Stock (45), Diversified Financial Services (53), Dividend (195), Financials (2517), Charlotte (11), Behemoth (33), Money Center Banks (13), Mega Cap (82), Credit Card (10), Bank (39), Financial Services (34), S&P 500 (452), North Carolina (14)
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Bank of America Corp At A Glance

Current Price:	$12.64
Last Trade Time:	7/2/2009 4:15 PM
Open:	$0.00
Previous Close:	$13.05
Daily Range:	$12.62 - $13.05
52-Week Range:	$2.53 - $39.50
Volume:	00
Market Cap:	$103.36B
P/E Ratio:	16.95
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BAC VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for BAC

Coming Week: Earnings Fireworks on Tap
7/3/2009 9:19:03 AM -
News You Need: Alcoa, Chevron
7/3/2009 9:00:00 AM -
/C O R R E C T I O N -- Bank of America/
7/3/2009 8:39:00 AM -
($) Declaring Independence From an Irresponsible Era
7/3/2009 8:38:06 AM -

More Headlines...

Top Bull Pitch

Recs

10 Bank of America Corp (BAC)

Avatar socialist1 (< 20) Submitted: 5/19/09 6:20 PM

EVEN I CAN BORROW MONEY AT 0% AND LOAN IT OUT AT

6-20+% AND MAKE A PROFIT....COUNTRYWIDE WILL BE

HUGE AS HOUSING RECOVERS.....MERILL WILL BE INVOLVED

IN MANY OF THE DEALS DURING THE RECOVERY

THIS STOCK WILL BE BACK TO $50 FASTER THAN ANYON...More

Replies: 0 | Reply | Permalink

Top Bear Pitch

Recs

12 Bank of America Corp (BAC)

Avatar muirmm (98.97) Submitted: 3/06/09 1:41 PM

For a long time, I would look at the immense derivative holdings of Bank of America and throw up my hands. How could you possibly value a company with over $38 trillion in derivative positions? Maybe it's worth a huge sum. Maybe not. But, now I think I have figured out how to take a pretty good st...More

Replies: 4 | Reply | Permalink

For a long time, I would look at the immense derivative holdings of Bank of America and throw up my hands. How could you possibly value a company with over $38 trillion in derivative positions? Maybe it's worth a huge sum. Maybe not. But, now I think I have figured out how to take a pretty good stab at it, without even knowing what derivatives B of A holds. Either 1), B of A made the wrong bets, and it will soon go down in a crash far bigger than anything we have seen so far. If it loses only 3% on the derivatives, easy to imagine, that is over a trillion dollars. Or 2), it made the right bets. We already have an example of how that turns out. Goldman Sachs made the "right" bets, buying $20 billion of credit default swaps from AIG in 2007-2008. Very smart of them. Then, last September, AIG went bust, and Goldman's $20B went with it. Suddenly Goldman had to run to Warren Buffet for $5B in order to not breach their loan covenants. Anyway, imagine that B of A, by some miracle, actually made the right bets with its derivative portfolio. It's just not possible that its counterparties could pay up on the "winning" bets. Whoever was making the losing bets is already worse than broke. So, it's heads, B of A explodes, and tails, B of A crumbles. The best scenario is probably that it manages to cover up its situation, whatever that happens to be, for a few more months. The worst is that it goes kablooey in a few days or weeks. Most troubling to me is that the FDIC is already broke. It cannot bail out the banks already on its watch list. B of A is huge, far beyond the capacity of the FDIC to cope with. So, not only will stock owners be wiped out, depositors are also at huge risk. Check out the derivative situation for yourself. Thanks, Bulleye168, for this link to a U.S. Treasury report on U.S. companies' derivative holdings. If you scroll over halfway down, you can see the list of the top 25 derivative holders and the sizes of their portfolios. http://www.occ.treas.gov/ftp/release/2008-152a.pdf

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Recs 0 (BAC) luda44 (53.90) Submitted: 7/01/09 11:42 AM : Start Price: $13.36 BAC Score: -2.07 Bank of America is coming out with far more advanced ways to make banking easier and quicker then any other company. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BAC) oyramnairb (50.01) Submitted: 6/30/09 5:59 PM : Start Price: $13.24 BAC Score: -1.60 Bank of America will outperform the S&P just like many other banks. Although seemly bad acquisitions are costing profit now (June 2009), these same "bad" acquisitions will drive record profits in the next twelve to eighteen months (June 2010). With growing profit usually comes growing stock value, except for highly speculative companies like Apple, Inc. that pay the price for the large amount of attention they command in the market place. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BAC) frose1 (< 20) Submitted: 6/30/09 5:04 PM : Start Price: $13.27 BAC Score: -1.97 The banks are the key to our economic recovery- they will lead the way. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 1 (BAC) Teacherman1 (76.00) Submitted: 6/30/09 2:55 PM : Start Price: $4.63 BAC Score: 160.29 There are a lot of "Pundificators" out there who predicted the imminent demise of BAC at the time I bought in at under $5.00. At the time I bought, I felt that it was going to be a go to $40.00 to $50.00 in the long run (2-3 years). I still do. They were being lumped in with CITI in almost every article I read. What most seem to have overlooked, was the fact that Citi had just come off of 5 quarterly losses in a row, and BAC had experienced only one quarterly loss in 17 years. The purchase of ML muddied the waters, and all the noise of nationalization scared investors away. While I enjoy a low cost position , I still believe that even at today's prices, it will pay off for those who are patient. It is not for those who get all tied up in knots watching the daily fluctuations based primarily on the latest prediction of the "experts", but for the patient investor (2-3 years), it will still pay off handsomely. They surprised a lot of people with how quickly they were able to raise the required capital the Govt. required of them. While I am not a fan of the "Partnership" disguised as a corporation called Goldman Sachs, I agree with them that it is a buy. Did anyone notice during his testimony before congress , even "Gentle Ben", said he had no doubt that BAC would repay the TARP. If the 2nd Qt results are anything like the first, it will rocket. If neutral, it will fall. If bad, it will present a great buying opportunity. Just my opinion, and worth exactly what I am charging for it. Report this Post Replies: 1 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BAC) 1BOHICA1 (< 20) Submitted: 6/30/09 2:18 PM : Start Price: $13.12 BAC Score: -1.68 The market ALWAYS comes back. Just look back and you will see. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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Wall Street

Results 1 - 26 of 26

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Top Pick	Member Name	Member Rating	Start Date	Call	Time Frame	Start Price	Stock Gain	S&P Gain	Score	Pitch
	TrackKBW	81.07	06/11/09		NS	$12.20	+3.61%	-5.04%	+8.65
	TrackDavidTepper	77.77	06/08/09		1Y	$11.77	+7.39%	-4.29%	+11.69
	TrackRWBaird	87.89	05/07/09		NS	$14.71	-14.06%	-3.44%	-10.61
	TrackWachovia	75.72	04/14/09		NS	$11.20	+12.86%	+5.62%	-7.23
	TrackTobinSmith	< 20	02/06/09		1Y	$6.11	+106.99%	+3.25%	+103.74
	TrackFoxPitt	< 20	01/05/09		NS	$14.32	-11.76%	-3.04%	-8.72
	TrackSterneAgee	87.01	12/23/08		NS	$13.41	-5.73%	+2.60%	+8.34
	TrackBillNygren	90.29	08/28/08		1Y	$28.82	-56.13%	-30.53%	-25.60
	TrackLadenburg	82.43	07/22/08		NS	$29.20	-56.71%	-28.99%	-27.72
	TrackJimCramer	64.82	07/22/08		3W	$30.88	-59.06%	-29.55%	-29.51
	TrackBRogers	95.62	05/28/08		1Y	$32.23	-60.79%	-35.39%	-25.40
	TrackTomGayner	52.46	04/10/08		NS	$35.57	-64.47%	-34.16%	-30.31
	TrackSoros	79.40	03/31/08		NS	$35.48	-64.38%	-31.21%	-33.16
	TrackHeebner	< 20	12/31/07		NS	$37.99	-66.73%	-38.57%	-28.15
	TrackGaryBSmith	86.85	12/28/07		3W	$37.84	-66.60%	-39.03%	-27.57
	TrackPZK	< 20	11/14/07		NS	$42.51	-70.27%	-39.81%	-30.45
	TrackChrisDavis	< 20	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackHAndW	< 20	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackDodgeCox	92.97	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackMuhlenkamp	< 20	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackSnow	96.93	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackBuffett	64.65	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackDreman	91.15	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackRichPzena	< 20	09/30/07		NS	$45.63	-72.30%	-41.14%	-31.16
	TrackMichaelBrus	92.67	08/08/07		1Y	$44.53	-71.62%	-39.77%	-31.84
	TrackMichaelSivy	94.35	03/20/07		1Y	$44.96	-71.89%	-36.29%	-35.59

Results 1 - 26 of 26

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