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Bank of America Corp

  • 5 Reasons This Bank Should Sell For More Than Book Value

    By Chad Henage - May 24, 2013 | Tickers: BAC, FITB, PNC, USB

    I don't always have the time to check out a stock that sounds interesting right away. What happens many times is, I'll save whatever brought the company to my attention, and then get back to it later. This is exactly what happened when I came across an article by Sean Williams on Fool.com that mentioned Fifth Third (NASDAQ: FITB).  

    Getting It On My Watch List About Two more »

  • Comparing Bank Of America to Other Major Banks

    By Nauman Aly - May 23, 2013 | Tickers: BAC, C, JPM, WFC

    Investors were alarmed when Bank of America (NYSE: BAC) did not meet the expected $0.22 earnings per share. Instead, earnings per share were $0.21. This has spooked many investors. Especially since Bank of America did not meet estimates, but all other major banks did meet expected earnings. Revenue was down but deposits increased. This has caused people to worry about the future value of the stock. However, I more »

  • Dimom is a Good CEO and a Lousy Chairman

    By Andrés Cardenal - May 23, 2013 | Tickers: BAC, JPM, WFC

    Jamie Dimon has finally got what he wanted and he is going to remain as both CEO and Chairman of the Board at JP Morgan (NYSE: JPM).  Unfortunately for investors in the company, Dimon´s victory is comes at the expense of better corporate governance.

    Two different jobs

    There is a reason why CEO and Chairman of the Board are separate jobs; they are two different roles with their own more »

  • 3 Attractive Banking Stocks to Consider Now, 1 to Avoid

    By Bill Edson - May 23, 2013 | Tickers: BAC, PNC, RF, SUSQ

    Since last decade's banking crisis, among the nation's trillion-dollar asset banks there has been stratification both in terms of profitability and public reputation. Wells Fargo is always a winner. JPMorgan Chase has come next, then probably Citigroup, followed by Bank of America (NYSE: BAC) at the rear. I am going to take a look at Bank of America, this country's second-largest bank by assets, to see if more »

  • Top Two Stocks in David Tepper's Portfolio

    By Anh HOANG - May 21, 2013 | Tickers: BAC, C, UAL

    David Tepper, the founder of Appaloosa Management, has delivered extremely high annualized return of 27.4% in the past 15 years, beating the S&P 500 annualized return of only 6.8%. He currently owns 69 stocks in his portfolio, with the total market value of more than $4.7 billion.

    As of March 2013, his top two positions were Citigroup (NYSE: C) and United Continental Holdings (NYSE: UAL). Citigroup more »

  • This Bitter Pill Will Create Long-Term Value for JPMorgan Shareholders

    By Adnan Khan - May 20, 2013 | Tickers: BAC, C, JPM

    JPMorgan Chase (NYSE: JPM), once considered the safest bank in the nation, is becoming famous for bad deeds. First the loopholes in its internal controls exposed by the London Whale incident, and now corporate governance issues. While the anticipated split in the roles of the CEO and the chairman would be beneficial, analysts believe the bank’s stock could fall by almost 10% if the roles are split and Jamie more »

  • 3 Industry Leaders With Strong Dividend Growth Prospects

    By Andrés Cardenal - May 20, 2013 | Tickers: BAC, CSCO, C, F, WFC

    Making good investment decisions doesn´t need to be too complicated. On the contrary, sometimes the best alternatives are the most simple and straightforward. The following three industry leaders have rock solid competitive positions, nice dividend yields, and more than enough resources to continue raising their payments in the long term. You don´t need a degree in rocket science to tell that they are positioned to deliver solid returns more »

  • 5 Reasons to Buy This Bank

    By Chad Henage - May 19, 2013 | Tickers: BAC, C, JPM, WFC

    Among all of the hoopla in the last few years about big banks, something that seems to be getting lost in the shuffle is, a few “big banks” are actually doing pretty well. In fact, I would argue that many of the big banks represent good values at the current time. Though JPMorgan & Chase (NYSE: JPM) has been put through the wringer over its trading practices, there are at least more »

  • 4 Reasons This Company Could Do Better Than You Think

    By Chad Henage - May 18, 2013 | Tickers: BAC, C, JPM, WFC

    When I look at Citigroup (NYSE: C), I can't help but think of something that Peter Lynch said about Fannie Mae years ago. I know that people have bad feelings about Fannie Mae today, but when Lynch was managing Fidelity Magellan, this was one of his best performing stocks. He picked Fannie Mae because he saw the company's long-term opportunity, though others saw current problems. This is exactly more »

  • Analyzing 3 Banks that Hedge Funds bought in the last quarter

    By Victor Selva - May 16, 2013 | Tickers: BAC, C, WFC

    The past twelve months have been positive for financial companies, becoming one of the best performing industries with a return of 22.1% (DJ US Financials Index), outperforming Dow Jones Industrial Average return of 14.8%. Key drivers of this strong performance were the improvement in the housing market, low valuation multiples, and market sentiment driven by a bullish market.

    In this report I analyze the potential for further gains more »

  • How To Play the Monopoly of Property

    By Alexander Cho - May 15, 2013 | Tickers: BAC, KBH, MAC

    There are three ways to play property. You can buy the home builders, the lenders, or the property developers. The lenders present low yet stable growth while home builders are the deep value proposition, and property developers (real estate operations) present the best long-term growth potential.

    Economics of properties

    Between 2012 and 2013 the number of housing starts has increased from 500,000 to 1,000,000. Housing starts have more »

  • JPMorgan Needs Jamie Dimon

    By Alexander Cho - May 15, 2013 | Tickers: BAC, C, JPM

    Will Jamie Dimon leave JPMorgan Chase (NYSE: JPM)? The media has been speculating as to whether the CEO of the bank may leave if he loses his position as the Chairman. This is going to be tough for the board of directors, but I believe the board will keep Jamie Dimon as he’s just too valuable to the bank.

    Stock return since Jamie Dimon became CEO

    Source: YCharts

    Jamie more »

  • Is There More Upside to This Insurer?

    By Mike Thiessen - May 14, 2013 | Tickers: AGO, BAC, MBI

    After reaching a blockbuster $1.6 billion settlement with Bank of America (NYSE: BAC), New York-based insurance firm MBIA's (NYSE: MBI) stock shot up by more than 40 percent in a single trading day to close at a two-year high. Although the settlement had been expected for some time, the terms were quite favorable to both firms. Indeed, the MBIA's CEO had hinted that his company's very more »

  • Wells Fargo: Why It Should Be a Part of Any Long-Term Investor's Portfolio

    By Matt Smith - May 14, 2013 | Tickers: BAC, C, JPM, WFC

    Since the Global Financial Crisis, banks have been on the nose for many investors, yet opportunities abound in the sector for investors who are willing to do their homework. One U.S. bank that came through the crisis in relatively good shape is Wells Fargo (NYSE: WFC), and it is no accident that Warren Buffett is now the largest individual shareholder in the company. According to Berkshire Hathaway´s latest more »

  • Should You Buy The Companies You Hate?

    By Christopher Drose - May 13, 2013 | Tickers: AIG, BAC, BP, C, CMCSA, GS, HAL, JPM, WFC

    I recently saw a list of the most hated companies in America. A couple of days later a saw a list of the new most popular stocks among hedge funds and AIG (NYSE: AIG) was also at the top of both of the lists. So I decided to look a little more into the most hated companies and how there stocks have performed this year and every stock is up more »

  • The Future of Buffett’s Distressed Deals

    By Meena Krishnamsetty - May 13, 2013 | Tickers: BAC, BRK-B, BRK-A, GE, GS

    Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) had its annual shareholders' meeting in downtown Omaha this past weekend; see our live coverage of the meeting here. Warren Buffett made the bold move of including an investor bearish on Berkshire Hathaway on the panel of analysts to question him.

    Who was the bear?

    Doug Kass of Seabreeze Partners Management was the lucky recipient of the invitation to be the credentialed bear. Kass more »

  • The Misleading Effects of Beta

    By Rupert Hargreaves - May 13, 2013 | Tickers: BAC, ED, GIS, CB

    Using beta can help an investor quickly construct a portfolio that is highly resistant or highly correlated to the general market, protecting defensive investors from negative movements in the market, or helping aggressive investors buy into stocks that will follow the market upwards.

    Due to the nature of the beta calculation and the volume of data required, many investors will not calculate the figure themselves and instead look it up more »

  • 3 Must-Own Stocks from Barron's Insider Buying List

    By John Macris - May 13, 2013 | Tickers: BAC, HBAN, WAG

    One of my weekly rituals as an investor is to review recent insider activity through the Securities and Exchange Commission’s Form 4 filings. Corporate executives and board members (“insiders”) are required to fully disclose their stock purchases pursuant to the Securities Exchange Act of 1934 and the Investment Company Act of 1940.

    Barron's magazine makes an effort to highlight the most noteworthy insider purchases and organizes them in more »

  • Don't Miss This Rebounding Banking Stock This Year

    By Madhu Dube - May 10, 2013 | Tickers: BAC, C, JPM

    Citigroup's (NYSE: C) first quarter results came as a surprise for the investors, with net income of $3.8 billion showing a rise of 31% year over year. This increase was due to the solid top-line growth in its securities and banking division, which includes its advisory, underwriting, trading and private banking units. In this quarter, this division generated revenue of $7.3 billion, which is around 50% higher more »

  • Is Rising Credit Lending Reason to Buy Bank Stocks?

    By Robert Ciura - May 9, 2013 | Tickers: BAC, JPM, WFC

    The U.S. economy continues to dig itself out of the hole caused by the 2008-2009 financial crisis and ensuing recession, the worst the country saw since the Great Depression. Slowly, but surely, businesses and individuals are regaining confidence and banks are finally returning to more robust lending.

    To that end, recent data points confirm that banks are finally loosening the lending spigots and are providing necessary financing to allow more »

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