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Bank of America Corporation (BAC)

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24,25+0,53 (+2,21%)
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  • D
    $BAC conversation
    Bank of America (BAC), Wells Fargo (WFC), Citi (C), and a host of other mortgage companies are looking at roughly two million potential residential loan defaults starting in January. Another million commercial real estate loans are about to go into foreclosure as well. Office space lease rental rates are crashing and landlords are unable to to find tenants with the new "Work from Home" paradigm locks in. Loan loss reserves are high but can they cover losses of this size? The Fed has preemptively bought $3 trillion in questionable paper from the banks and corporations so far during the pandemic. 22% of M2 dollars have been created since March of 2020.

    Real interest rates on savings are negative by roughly 2% as inflation eats away buying power.

    History does not repeat itself, but it sure does rhyme...

    In January the deferral of rent and mortgage payments comes to a halt and with nine months of deferred rent or mortgage payments/penalties due, it's going to be like hitting a wall for many who can not re-finance or make continuing forbearance deals with their banks.

    They said "No one saw it coming" last time the housing market crashed while we had a "Lame Duck" President. Can they say that now? I think not...

    Where's the money to be made? The Volatility index? Gold mining companies? Shorting MBS's? Consumer products like Campbell's Soup (CPB)? Bonds? Munis?

    The old rule was that 90% of portfolio's stay in the market or cash. 10% go into gold or gold mining companies. But right now, that ratio is more like 98/2%.

    Companies like Yamana (AUY), Newmont (NEM), Eldorado (EGO), Kinross (KGC), Barrick (GOLD) have all rallied strongly but remain underheld in portfolios per historic levels. At least many of them pay sustainable dividends.

    I do not have all the answers but there are some burning questions here...

  • N
    $JPM conversation
    Added shares in $JPM $BAC and $V this morning. I think the bank fraud news is all noise, and as the economy comes back, financials and credit will be the big winners. They have been essentially left for dead the past 6 months or so.
  • A
    GreenPower Motor Company Inc.
    $BAC says buy with PT $40 end of year
  • s
    $NIO conversation
    Market Crash coming POTUS has China Virus, $gm, $Tsla, $bac
  • m
    $AAPL conversation
    Yes, I saw the CNN clip with wolf and the respect to Wolf...for the first time I like the way Wolf went after NANCY...NANCY LOST...She really came across vicious old lady...why is she the House Speaker.? how di she get that position??? $t, $bac, $tsla
  • M
    $^VIX conversation
    MONEY COMES OUT OF THIN AIR! Everybody is up by at least $150-200 Million since March 2020 because the US Government PRINTS TRILLIONS of DOLLARS to buy the Stocks to PUMP the prices Artificially to Giveaway TRILLIONS OF DOLLARS in the form of Capital Gains!
    Enjoy FREE CAPITAL GAINS without working, while the Government is Printing money and PUMPING the Stock BUBBLE!
    It is not secret to anyone that the US Stock Market is a FRAUDULENT system. The US Government PRINTS Money and buy the Stocks via the infinite margin trading desks to PUMP the Prices. However, this FRAUDULENT system, which is designed to make insiders “QUICK RICH”, is NOT Sustainable.
    US Stock Valuations are IMPOSSIBLE to justify! US Stocks are EXTREMELY OVERVALUED and OVERBOUGHT! The Market is in the Tulip Mania BUBBLE!
    The Government is PUMPING Various stocks in various industries every single day, FOR NO REASON. At some days, the “Lucky” stocks and sectors are financials, the other days “online services”.
    DESPITE COLLAPSING Economy, Tanking Corporate revenues and earnings, growing Corporate LOSS, Skyrocketing inflation, Skyrocketing unemployment, Astronomical Corporate and National Debt, ABSURD Valuations, Worsening Trade War and Spreading Coronavirus Pandemic, the US Government is PUMPING the US Stock Prices, the MEGA BUBBLE Every single day!
    Barclays downgraded the megacap technology sector to market weight given their stretched valuations.
    Barclays downgraded the megacap technology sector to market weight given their stretched valuations.
  • T
    Bank of America Corporation
    still haven't seen anything to implicate $BAC or $C in this money laundering advertisement. JPM.
    Makes no sense to beat all banks down
  • T
    $COTY in action like $PLAY now - 1 month graph and last weeks consolidation along with volume suggests a breakout action soon $5 - $6 soon.. also, $CUK $CCL $NCLH $RCL will go up from here.. along with banks $BAC $JPM $C
  • T
    Banks are about break out - most likely upside than downside though.. have loaded $BAC $JPM $C and will add more soon if it starts picking up..
  • T
    $COTY, $RCL $CCL $NCLH $RCL $BAC $JPM $C $PLAY are only safe stocks from now to elections- these will never go down -10% from here no matter what news comes down.. tech stocks are on bubble which will bring volatility so stay away from them.
  • T
    Happy Friday to all traders - covid is almost done with election - $COTY $CCL $NCLH $CUK $PLAY $BAC $JPM $AMEX $C $MS will be up today. Many are buying only if you have seen trends this week... price consolidation is key before they lift up... if no another possible lockdown meaning these gems will be valued - play safe book your profit-on time and don’t let casino owners take your money - GLTA
  • s
    $NIO conversation
    GOOD BYE CREUL WORLD BYE BYE MARKET CRASH COMING bye bye $tsla, $nio, $Xpev, $bac, $msft, and $aapl
  • T
    Loaded $COTY here at 3.18 and $BAC at 25.25 selling $AAPL and $NVDA. Hopefully fed will ease here and let these stocks go upside as we slowly open up economy
  • T
    $COTY is in sweet spot to go up no matter what other market does.. covid is almost done with election and $CCL $NCLH $CUK $PLAY $BAC $JPM $AMEX $C $MS will be up.
  • T
    Time to buy bank more - Thank you fed $BAC $JPM $AXP $C $DFS - gold mine
  • l
    NIO Limited
    $NIO $BAC $AAPL..ini mini miny moe..NIO for the win. Always NIO.
  • D
    $AUY conversation
    Fed changes stance to allow inflation to run well above 2%... Average it out over time. Without raising interest rates... WOW!
    This is highly supportive of the market in general , real estate, gold and the mining stocks. Buffett must have gotten the memo and that is why he bought Barrick. Why he sold the banking stocks if the market is going to be eternally flooded with money is the real question? Are defaults by homeowners and commercial properties going to overwhelm the banks reserves of about $100 billion?
    The world hung in the balance... It still does...

  • U
    $^FTSE conversation
    NASDAQ Composite (^IXIC) should FALL below 5,000 to be fairly valued.
    Current Valuation is far away from the Economic and Fundamental reality. Even with fake speculations it is impossible to PUMP the Nasdaq index by 110% in 4 months. This is a Government Orchestrated Index PUMPING. The US Government PRINTS money and Buys the Stocks to PUMP the Stock Prices ARTIFICIALLY!
    So the US Stock Market is a FRAUDULENT Mechanism that is designed to make insiders billionaire without working in NO TIME!
    US Stocks will COLLAPSE BIG TIME!!!
    For the long term investors, now is the WORST time to invest in US Stocks because the Market is INSANELY OVERVALUED and OVERBOUGHT! US Stocks have a Huge room to fall, but there is upside potential anymore.
    Buyers must be careful! They might lose everything and see no recovery during the lifespan.
    US Stocks must be DOWN by 90% from their current ABSURD levels.
    Look at the US Stock Valuation Multiples!!! Check out P/S, P/B, P/E, P/CF, D/E and other Ratios.
    US Stock Market is a COMPLETE SCAM! You see how easily they are PUMPING the Stock prices on FAKE Speculations, but they don't let the stock prices to go down on TERRIBLE DATA and FACTS!
    Even BANKRUPT Boeing, Cruise and Airline stocks are getting PUMPED like crazy!
    It is all about PUMPING the US Stock prices and quick and Free Capital Gains!
    American made Coronavirus was a tool to make quick and massive Capital gains in the US Stock Casino!
    NO NEED TO WORK! Only fools would work, while there is a FREE MONEY GIVEAWAY in the US Stock Market!
    Ignore COLLAPSING ECONOMY! It is all about Quick and FREE CAPITAL Gains through Artificial Stock PUMPING!
  • r
    $UAL conversation
    Just twelve years ago big banks were bailed out and they had forced mergers, lots of bankruptcies and in the decade since have really reserved billions for loan losses. They passed the recent stress tests as well.

    My question is, why would people people buy Airlines, Cruise lines and hotel/casino stocks betting on things being normal when banks are prepared and they have NOT participated in the markets complete turn around??

    $rcl $bac $aal $ccl $wynn $lvs $jpm