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Bank of America Corporation (BML-PL)

NYSE - NYSE Delayed price. Currency in USD
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19.75-0.25 (-1.24%)
At close: 04:00PM EDT
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  • B
    BIGMONEY
    Yep, it's a bear market. They happen every 10 years or so.
    With that said, and many rip at me for being a constant investor, and there are many reasons I hold BAC.
    One is the ability to trade around the core investment easily.
    Two is the fundamentals. When the following bull rally is in full steam, 3-5 years from now, BAC will Triple from here.
    The best financial in the market, and the high interest rates will push BAC to $5 EPS in 2 years.
    2 thoughts, anyone selling or shorting here for this bear market are wrong. The damage is done, and it may go lower from market sentiment, but it is very near, and you can't go wrong loading up here. Last, BAC released a huge level of reserve in 2Q2021, which made EPS go to $1.01 artificially, which is giving BAC a negative YOY return, which is why it's this low. The real case is EPS and revenue is increasing every quarter, and in Q3 this thing will go to a massive YOU gain and BAC will RIP. You have until then to buy, but personally, if I had no position and wanted in, I would be getting in.
    GLTA
  • B
    Belarus
    Not able to understand the reaction for yesterday and today. Everyone knew that the interest rates are going up by 50 basis points. Why the markets went up 3% after the FED announcement and then came down 5% the next day? Makes absolutely no sense. It looks like as if we got hit by something unexpected. One thing is sure the market will keep swinging wildly before it sets a direction.
  • D
    Dave
    The really sad part is none of this market decline, inflation, soaring gas and oil, border crisis,shortages etc was necessary and all could have been prevented and still can be turned around. 401ks and savings are eroding and people are in real pain and suffering all because of you know who. The only good aspect of it is that the lefties have gone silent for a little bit.
  • F
    Franklin
    All the talking heads on the business news want a recession. No recession in my area.
  • F
    Fred
    Unless you are retiring this year, poor market performance is a gift to your retirement account. If you contribute with each pay check, you get to dollar cost average in. Also it's great for drip or dividend reinvestment. Same principle. Unless you are retiring right now, it doesn't matter what the balance in the account is today. People lose money worrying about where their account is on any given day.
  • H
    Highlowsel
    Here's a basic reality. Government, all government large or small, has to be paid for. If the politicians actually cared for the People, they would not have spent the Peoples money like drunken sailors. But no. We have reckless politicians, from both parties, and we have a reckless Federal reserve, all of whon have allowed this massive growth in government, and now we have to pay the cost.

    We either pay it with higher prices and inflations, or higher taxes, reduced benefits and entitlements of all sorts. There is no other way.

    Yet our pampered privileged leadership class in this country will not admit this. They won't take responsibility for what they have done. They will point fingers everywhere but at themselves. Certainly the Fed won't.

    But you know what? None of it will matter. Inflation will get worse because there is no viable political way to deal with it. And we don't have any leaders with the balls to pull a Volcker, or anything like that. And as the markets begin to figure this out you see how they're voting.

    Hope you've figured a way to protect your financial self, because nobody other than you has your best interests at heart. Have a great weekend.
  • M
    Michael
    Took a while for Biden and Democrat policies to take hold, but results are painfully here and clear. Reversal of prior administration's policies are on full display open borders, war posturing throughout the world, rampant inflation, supply chain disruptions, and tanking economy. BAC's recent record lows for the last year provide evidence that policies have been detrimental.
  • L
    Linden
    Seems to be some confusion about rates. The fed will raise rates on the money it loans to banks. So, the banks in turn, raise the interest on what they'll pay on deposits as well as increase mortgage interest rates. The fed will raise rates in order to slow an overheating economy. It will slow housing sales, slow business loans, and increase credit card rates all to slow the economy and, slow inflation. It doesn't have anything to do with printing money. The amount of cash in the system is measured by "M2" and is out of control. The cause of this was pandemic checks, low unemployment, and the fed buying treasuries by printing money. This has all stopped. The fed is hoping the result will be to slow housing sales, slow the job market, and slow the economy overall.
  • D
    Dave
    It should be clear to most by now that raising interest rates won't work. Here is why: as nearly everyone knows, interest rates were very low for a long time. Raising them a 3or 4 times will still keep them low enough not to attract people in huge numbers to the banks to open accounts. It will discourage many from taking mortgages loans etc because they have to pay more and the whole country is already strapped from out of control gas, oil and inflation costs and of course spending as well. Printing more money is insane too as it just adds fuel to the fire.
  • M
    Michael
    BAC new 52 week low. Going Woke is going Broke.
  • m
    mario
    I surprising bull market is emerging

    More jobs being created today than at any other time in history
  • L
    Lionel
    Isn't Banks suppose to lead the way in a rising interest rates environment? Why aren't the banks moving up when they are predicting a bunch of rate hikes? Don't get it?
  • F
    Franklin
    Go back and see who in the DC Swamp was short on Abbott Labs before the shutdown occurred.
  • J
    John
    Soon as Russia surrenders gas prices will drop and the markets will raise.
  • m
    mario
    Here is something you should know - if someone on the internet says 'It's simple'
    it usually is not
    lolol
  • D
    Dave
    If I didn't know better, I would say they want these sky high gas, oil prices etc in order to make people want to switch to electric vehicles and the "green raw....er new deal" The only problem is those programs would cost trillions that we don't have . We could then skip all the talk of recession and go right into a depression
  • m
    mario
    US Government should cease funding BIG OIL with tax abatements and such
  • M
    Michael
    Just another day where the market feels the pain of Bidenomics. Sadly, Joe thinks things are exceeding his plan and all is well. You can't begin to solve a problem if you are unable to recognize one in the first place.
  • W
    William
    The BIg Joe economic recovery is pumping on all 12 cylinders! Stores are full with prosperous shoppers, and store shelves are full with abundant products! It's no wonder BAC and most other stocks are up! Congrats to all BAC stockholders, and too bad for the losers who sold at the lows! Better luck next time!
  • H
    HOLICKY
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