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Merrill Lynch Capital Trust I GTD CAP 6.45% (MER-PK)

NYSE - Nasdaq Real-time price. Currency in USD
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25.31-0.02 (-0.08%)
As of 02:29PM EDT. Market open.
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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.
  • F
    Fred
    Please tell me who the Earth Owner is. Bill Gates? George Soros? Who?
  • F
    Franklin
    All the talking heads on the business news want a recession. No recession in my area.
  • 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.
  • 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.
  • J
    John
    Soon as Russia surrenders gas prices will drop and the markets will raise.
  • M
    Metalmeister
    Half of all the dollars ever created in the history of the USA were created during covid. Even after $100's Billions in Fraud PPP, EDD monies sent to criminals, criminal organizations, overseas fraudsters our government is still throwing money out the window with honor system minimal checking. 97 EDD checks going to one house address each 2 weeks as an example. Gubberment workers sending out checks. Hey, it's not their money.
  • m
    mario
    I surprising bull market is emerging

    More jobs being created today than at any other time in history
  • 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.
  • 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.
  • m
    mario
    US Government should cease funding BIG OIL with tax abatements and such
  • 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
  • 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!
  • L
    Linden
    Increasing rates and decreasing the amount of cash in the system WILL work to reduce inflation. That isn't a question but a fact. The unknown is that in the past, increasing rates has created a recession or "hard landing". This happens because the economy slows too much creating unemployment and a falling GDP. At present, the fed is trying to reduce rates enough to slow the economy but not so much that it creates a recession. Time will tell if that can be accomplished.
  • W
    William
    I'm happy to see that BAC has a massive amount of branches in California, where the government is running a massive budget surplus ($97.5 billion budget surplus)! Unfortunately, BAC also has branches in Florida, which is running a massive budget deficit! However, that can be a good thing, because the low income folks in Florida still get checks from the government which they have to deposit in BAC branches!

    Let's hope that CA never wants to separate from the USA! We need you, California! Thanks!
  • k
    k
    LOL even CLOV will make you a lot more money over the next 2 years than BAC, or AAPL, or MSFT, or AMD, or just about any stock in the USA markets
  • m
    mario
    I do support America no matter what. They call that Patriotism.