This is bank week...
Well can we say more than these numbers: a 10B$ swing between last year results and this year for the same quarter. Simply great.
Sure last year they had to use a larger than expected provision for bad loans and this year is the opposite as these provisions were lower.
What about an 80% in mortgage refinancing and better quality credit.
So that means that they have a 2,6B$ ready to hit markets in loans and financing in a streamlined new BAC organization with savings of 8B$ a year.
Ok, that's enough for me. I will be in again an add more under 8$. My price target for the next 6 months is a share price hovering near 10$ for a good 25% return. Be carefull as price could drop a bit this morning as market seems to be a bit weak.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain.
Get THE PLAY OF THE DAY on Twitter : @investman2
Well can we say more than these numbers: a 10B$ swing between last year results and this year for the same quarter. Simply great.
Sure last year they had to use a larger than expected provision for bad loans and this year is the opposite as these provisions were lower.
What about an 80% in mortgage refinancing and better quality credit.
So that means that they have a 2,6B$ ready to hit markets in loans and financing in a streamlined new BAC organization with savings of 8B$ a year.
Ok, that's enough for me. I will be in again an add more under 8$. My price target for the next 6 months is a share price hovering near 10$ for a good 25% return. Be carefull as price could drop a bit this morning as market seems to be a bit weak.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain.
Get THE PLAY OF THE DAY on Twitter : @investman2
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