d******8
发帖数: 1972 | | d******8
发帖数: 1972 | 2 Bank of America Corp. posted a $5.9 billion profit applicable to common
shareholders in the third quarter, beating analysts' expectations, though
the results were largely driven by one-time gains, from accounting changes
to asset sales.
The Charlotte-based bank made about 56 cents per common share, compared to a
loss of $7.6 billion, or 77 cents per share, a year ago. That marks a
turnaround from last quarter, too, when the bank recorded its worst loss
ever, $9.1 billion, including preferred dividend payments.
The third-quarter results reflect the bank's ongoing efforts to streamline
the company, including a $3.6 billion pre-tax gain on the sale of shares of
China Construction Bank. Accounting changes also helped, such as a $4.5
billion gain on fair value adjustments of structured liabilities. | M*****8
发帖数: 17722 | 3
a
It is likely Wall Street already knew about this
two days ago when they covered their shorts at around
$6.4 and went long。
They will likely use the "news" to unload inventory.
Following was last night's forecasts on BAC:
*** NOTE: PRICE TARGETS & CALCULATIONS ARE APPROXIMATE ***
(Minimum Cash Unit is $1000. Simply multiply for large sums.)
FORECAST FOR TICKER SYMBOL: BAC AS OF 20111102 (YYYYMMDD)
CLOSING PRICE ON 20111102 was 6.6700
STOCK RATING: BULLISH
Short-Term Price Potential is UP: 0.3681 ( 5.50%)
Short-Term Price Target: 7.0381
At Price Target, profit is 55.1874 on $1000 investment. (+5.52%)
Close out >= half of your long position at about 7.0381
There is a small chance of price reaching 7.9240
If so, profit would be 188.0000 on $1000 investment. (+18.80%)
Close out all long position if price reaches 7.9240
============================================
DETAILED TRADING PLAN: (CASH BASIS, NON-LEVERAGED)
If you buy $1,000 of BAC at its current price of 6.6700
You would be buying approximately 149.9250 shares.
At 7.0381 profit is 55.1874 on $1000 investment. (+5.52%)
In case of bear raid, expect the next bottom at about 6.4832
Buy $2,000 more at: 6.4832 will break even at: 6.5443
At 6.6700 gain is 57.6132 on $3,000 investment. (+1.92%)
At 7.0381 gain is 226.3549 on $3,000 investment. (+7.55%)
At 7.9240 gain is 632.4444 on $3,000 investment. (+21.08%)
【在 d******8 的大作中提到】
: Bank of America Corp. posted a $5.9 billion profit applicable to common
: shareholders in the third quarter, beating analysts' expectations, though
: the results were largely driven by one-time gains, from accounting changes
: to asset sales.
: The Charlotte-based bank made about 56 cents per common share, compared to a
: loss of $7.6 billion, or 77 cents per share, a year ago. That marks a
: turnaround from last quarter, too, when the bank recorded its worst loss
: ever, $9.1 billion, including preferred dividend payments.
: The third-quarter results reflect the bank's ongoing efforts to streamline
: the company, including a $3.6 billion pre-tax gain on the sale of shares of
| d******8
发帖数: 1972 | 4 请教肥猫大侠下面这个消息对BAC股票意味什么？盘后下跌了一点。
BofA Weighs Big Stock Swap
By DAVID BENOIT
Bank of America Corp., looking to take advantage of market doubts on the
value of its debt, may offer up to 400 million common shares in order to
raise funds to repurchase some of its outstanding preferred shares,
according to a filing Thursday.
The bank said in its quarterly filing it is exploring the possibility of
taking advantage of the "low market values" on its debt, calling it "
economically advantageous at this time to consider retirement" of the debt.
The exchange would both boost its Tier 1 common capital and reduce the
expense of paying out interest and dividends to the holders of the preferred
shares or other debt. It does expect the move to lift earnings, though
doesn't expect that to be significant.
The Charlotte, N.C., bank's shares fell 1.9% to $6.81 in after-hours trading
after rallying 2.8% to $6.91 in the regular session.
Bank of America has been adamant that it wouldn't need to sell common shares
for their capital positions alone, a statement it has had to defend amid
investor doubts about various costs looming over the bank.
But those doubts also contributed to the market reducing the prices on the
bank's debt, leading to Thursday's disclosure. The bank has said recently
the capital position is still strong. | g********4
发帖数: 4959 | | d******8
发帖数: 1972 | 6 增发是不是意味着股价下跌？
【在 g********4 的大作中提到】
: 谣传要增发欸。
| M*****8
发帖数: 17722 | 7
.
那是昨晚的，
看今晚的更新好了。
(6到9小时以后才有)
【在 d******8 的大作中提到】
: 请教肥猫大侠下面这个消息对BAC股票意味什么？盘后下跌了一点。
: BofA Weighs Big Stock Swap
: By DAVID BENOIT
: Bank of America Corp., looking to take advantage of market doubts on the
: value of its debt, may offer up to 400 million common shares in order to
: raise funds to repurchase some of its outstanding preferred shares,
: according to a filing Thursday.
: The bank said in its quarterly filing it is exploring the possibility of
: taking advantage of the "low market values" on its debt, calling it "
: economically advantageous at this time to consider retirement" of the debt.
| M*****8
发帖数: 17722 | 8 As expected, and not surprisingly, Wall Street was distributing
BAC shares and unloading inventory at the open and near the
close, i.e. around $6.9. The new target has been lowered a bit
accordindly. Details below.
*** NOTE: PRICE TARGETS & CALCULATIONS ARE APPROXIMATE ***
(Minimum Cash Unit is $1000. Simply multiply for large sums.)
FORECAST FOR TICKER SYMBOL: BAC AS OF 20111103 (YYYYMMDD)
CLOSING PRICE ON 20111103 was 6.8500
STOCK RATING: MODESTLY BULLISH
Short-Term Price Potential is UP: 0.0196 ( 0.30%)
Short-Term Price Target: 6.8696
At Price Target, profit is 2.8613 on $1000 investment. (+0.29%)
Close out >= half of your long position at about 6.8696
There is a small chance of price reaching 7.7816
If so, profit would be 136.0000 on $1000 investment. (+13.60%)
Close out all long position if price reaches 7.7816
============================================
DETAILED TRADING PLAN: (CASH BASIS, NON-LEVERAGED)
If you buy $1,000 of BAC at its current price of 6.8500
You would be buying approximately 145.9854 shares.
At 6.8696 profit is 2.8613 on $1000 investment. (+0.29%)
In case of bear raid, expect the next bottom at about 6.3020
Buy $2,000 more at: 6.3020 will break even at: 6.4747
At 6.8500 gain is 173.9130 on $3,000 investment. (+5.80%)
At 6.8696 gain is 182.9946 on $3,000 investment. (+6.10%)
At 7.7816 gain is 605.5652 on $3,000 investment. (+20.19%) |
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