Bank of America Corporation (BAC) Quote

Now it's time to pay the piper.😁

What is happening with BAC will be happening with many financial institutions, IMHO. So many loans and credit out there that these institutions will be hammered with them, with many people filing for bankruptcy because the cannot make the required payments. There are even many companies filing for bankruptcy even now. Just my observations over the past few years since new Presidency and the policies implemented.

~bought 4/19 $33 puts .05c

BAC 10Q due 4/16

Gonna hold awhile longer ,I believe there more IMHO
Do ur own DD.

GLTA-Ts 😉

Billion? Goodness

SM. Fake News .

WRONG . You are false !

GOOD GOD!!!!! GLOBAL COLLASPE HAS STARTED!!!!!! PIG TURDS FALLING EVERYWHERE!!!!! MARKET 14K!!!!!!!!!!!!!!!!!!!!! CRASH ALERT!!! MUA HA HA HA HA HA!!!!!!!!!!!!!!!!!!!!

THE GREATEST WORLD COLLASPE IS HERE!!!!! CHINA'S MARKET WILL BRING THE WORLD TO IT FN KNEES!!!!!!!!ITS OVER!!!!! MU HA HA MU HA HA HA!!!!!!

I lost 2.5 billion dollars in BAC in 2008 financial meltdown.. stock dropped from about 57 dollars to about 2.97... I had tons of put options on this POS, and I could not get out in time.. both citigroup and BAC went against my portfolio and killed it...Ken Lewis was rewarded over 400 million dollars to relinquish the job of CEO, and took on the position of BOD chairman...I got nothing from the class action suit later on from BAC, but did get 6500 dollars from the citi class action lawsuit...my claim in the class action lawsuit against BAC was so large with stock and option losses, the lawyers denied my claim......................... they thought it was fraudulent S.O.B.'s..... Lodas

Bank of “The Taxpayers” (America)

I’ll never forget how we taxpayers had to bail this pseudo bank out of its stupidity in home loans. Government control makes it worse.

Can it see 10 dollars by then?

Hello friends. BAC 2024!

Gold remains an attractive long-term asset as short-term pessimism remains elevated - NDR's Tim Hayes $BAC

Goldman Sachs raises 12-month gold price target to $2,050 as precious metals such as Silver, Platinum and Rhodium metals soar. $BAC

Flippers paradise

Bank of America's unrealized losses on securities rose to $131.6 billion

https://ca.finance.yahoo.com/news/bank-americas-unrealized-losses-securities-123958239.html

Dividend a little late. BAC is sinking. Nobody will hold this till Dec. 29th.

Banking Turmoil: U.S. Banks Post MASSIVE LOSSES

stronger safe-haven flows into gold and silver $BAC

Bonds Yields Going to come down significantly on Tuesday due to the war in Israel. This will be Very Bullish for Bank Stocks.

BAC is Severely oversold here. Looking for a nice bounce!

Looks like the Fed is buying the Debt and the Bond Yields are being pushed back down. If they keep pushing them down BAC will do very well. Sold my puts this morning and now added Nov 3rd $27 calls!

BOND Yields Spiking Uncontrollably! Going to be a Red Day Today Across the Board!

Ya have to luv BAC down here in the PPS. even if it drops more IMO.
I myself have been acquiring since 29. , it my take time but imo.it’s worth it, again imho.but hey that’s JUST ME .EOS.

GLTA-Ts

Terrible, a while back stock went from close to nothing to a lot, also $20 to over $40

Bank of America, $BAC, secretly opened credit card accounts in customer names, double charged overdraft fees, and withheld promised perks from users.

It has been fined $150 million over junk fees.

It's over for the Rothchild, Rockefellers printing US debt notes, trifecta.
placing bids on borrowed and fake crypto assets in exchange for
laundered US debt notes. The FRB is insolvent and holding lots
of debt. The IRS is also closed and a wash as it's the crooks of
London being swept to the curb as the Monarchy is no more.

London has fallen.

Crypto Crash 2023 Banks are now eating their own. It's a beautiful thing.
Hedge Fuds are next and are crashing too.

Many will be arrested

Bank of America Corporation $BAC Total Debt (mrq) $705.12B

Bank of America Corporation $BAC Total Debt (mrq) $705.12B

Black Rock says they’re forcing behaviors to make sure their talent pool is “diverse” attaching a point system to candidates who are not white men.

Which is what they mean. They’re demanding companies discriminate against white men.
https://t.co/riK1k28hbj— Ryan James Girdusky (@RyanGirdusky) June 5, 2023

$BAC Total Debt (mrq) $705.12B

BofA helped FBI by providing financial information on transactions in the DC area after 1/6 ! They basically went full commie!

‘Em hmmm and their sins shall be shouted from the roof tops.

The last printing press has been Militarily seized.

It's over for the Rothchild, Rockefellers printing US debt notes, trifecta.
placing bids on borrowed and fake crypto assets in exchange for
laundered US debt notes. The FRB is insolvent and holding lots
of debt. The IRS is also closed and a wash as it's the crooks of
London being swept to the curb as the Monarchy is no more.

London has fallen.

Crypto Crash 2023 Banks are now eating their own. It's a beautiful thing.
Hedge Fuds are next and are crashing too.

Many will be arrested

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171885981 $BAC

https://imgur.com/a/SUkVguK

No amount of compensation would get me to drive into S.F. every day! Remember that building is within pissing distance of a major fault line! It's age should dictate a demolition!

Loooow wake up->FYI post-Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers.
350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market where office vacancy rates have soared.

Before the pandemic, San Francisco’s California Street was home to some of the world’s most valuable commercial real estate. The corridor runs through the heart of the city’s financial district and is lined with offices for banks and other companies that help fuel the global tech economy.
One building, a 22-story glass and stone tower at 350 California Street, was worth around $300 million in 2019, according to office broker estimates.
That building now is for sale, with bids due soon. They are expected to come in at about $60 million, commercial real-estate brokers say. That’s an 80% decline in value in just four years.
This is how dire things have become in San Francisco, an extreme form of a challenge nationwide. Nearly every large U.S. city is struggling, to some degree, with reduced office-worker turnout since the pandemic spurred remote work. No market was hit harder than San Francisco, for reasons including its high costs, reliance on a tech industry quick to embrace hybrid work, and quality-of-life issues such as crime and homelessness.
Many of the city’s most prominent corporate tenants, from Salesforce Inc. to Facebook parent Meta Platforms Inc., are flooding the office market with space for sublet rather than waiting for their leases to expire. The lack of office workers is rippling throughout the financial district, leading restaurants, retailers and other small businesses to lay off employees or close.

Nearly 30% of San Francisco’s office space is vacant, which is more than seven times the rate before the pandemic hit, and the biggest increase of any major U.S. city, according to commercial real estate services firm CBRE Group Inc.
Today it is hard to know just what office buildings in San Francisco’s financial district are worth, because transactions have practically dried up. A sale of 350 California promises to establish new pricing.
“We’re all really on the edge of our seats to see the first office trade in San Francisco,” said J.D. Lumpkin, executive managing director at real estate services firm Cushman & Wakefield.
Stress on the office-building market across the U.S. is not an isolated problem, because of the effect on tax levies and nearby shops and the potential impact on the financial sector, especially regional banks that are big lenders on commercial real estate.
A?bout $80 billion worth of loans backed by U.S. office buildings come due this year, according to data firm Trepp Inc. Most will need to be refinanced, at a time of higher interest rates and lower occupancy, threatening lenders with losses.
Wells Fargo & Co. recently said the volume of its office-building-backed loans that are classified as “nonaccrual”—meaning the bank no longer expects full interest and principal payment—jumped to $725 million in the first quarter from $186 million in the 2022 fourth quarter.
The office tower at 350 California, which CBRE is marketing, faces some specific challenges. The tower is about 75% vacant because the primary tenant, Union Bank, has mostly vacated it. Unfilled space is a big liability these days, in contrast to before the pandemic, when investors would often pay a premium for empty space because it meant a chance to raise rents.
Any buyer of 350 California—built in the 1970s and owned by Mitsubishi UFJ Financial Group’s MUFG Americas unit—is expected to have to spend another $50 million or so on interior spaces and other changes to lure new tenants. Amenities such as rooftop decks and spa-quality fitness centers now are standard in top-quality buildings that can charge the highest rents.
Regardless of the building’s specific issues, a sale as low as the bids some brokers expect would be bad news for office owners in other U.S. cities too, said Mark Fawer, a partner in the real estate practice group at law firm Greenspoon Marder.
“This could be seen as a bellwether for the value destruction in the urban office market nationally,” he said, “especially those markets that are more technology and financial services-centric.”
California Street, stretching 5.2 miles from the financial district to Lincoln Park, is one of San Francisco’s longest and most celebrated boulevards. The corridor runs through Chinatown and is traversed by the city’s famed cable cars. It intersects Montgomery Street, where traders swapped stocks at the Pacific Exchange on nearby Pine Street until 2006.
Though business activity in the district was upended by the dot-com bust in 2000 and the 2008 financial crisis, its office towers refilled not long after both of those downturns. “There always used to be people waiting at the elevator,” said Paul Bleeg, a tax partner at accounting firm EisnerAmper LLP on California Street. “I could never get a seat on BART,” the public transit system.

On a recent afternoon, Robbie Silver strolled a California Street sidewalk next to empty stores and “for lease” signs. As executive director of Downtown SF Partnership, a nonprofit business advocacy group, he is lobbying for public-private partnerships to convert unused office space into apartments and help attract new stores, restaurants and other shops to replace those that have closed.
In February, San Francisco Mayor London Breed rolled out her plan to revitalize the downtown office market, the latest U.S. city to announce steps to recover from the office-worker exodus. Her proposal includes a mix of tax incentives.
Any financial solution to the city’s problems is made harder because property owners are among the city’s biggest taxpayers and now are earning considerably less income. The San Francisco controller’s office forecasts up to $1 billion in lost property taxes for local agencies from commercial buildings alone through 2028. Retail sales have fallen steeply in San Francisco.
Ms. Breed asked city department heads to prepare for cuts of up to 13% over the next two years to cope with a projected budget shortfall over that time of $780 million, or 6% of the total general-fund revenue, amid overall economic risks.
As recently as 2021, San Francisco office-building owners were still hopeful the financial district would emerge with renewed vigor, as after the previous downturns. That year, the owner tried to sell the office tower. It pulled the listing after bids failed to exceed $180 million, or 60% of the estimated 2019 value, according to people familiar with the matter.
The tepid interest was an early sign that this crisis was different, and that a deteriorating quality of life in the city was contributing to the reduced office turnout.

There was a lot of hate crime on Asian Americans, and we had many [Asian Americans] on our team who refused to come to the office,” said Anthemos Georgiades, CEO of Zumper, an online real-estate firm. By early this year, only about half of Zumper’s San Francisco-based workers had returned to their office at the Transamerica Pyramid near California Street.
San Francisco’s dependence on the tech industry, for years a strength, has become a weakness. With young workforces and break-the-mold corporate cultures, tech companies like Dropbox Inc. and Yelp Inc. announced shifts toward more remote work and needing less office space.
One company’s policy on returning to work has particularly stung—that of Salesforce. CEO and co-founder Marc Benioff, a fourth-generation San Franciscan whose grandfather served on the city Board of Supervisors, was a public advocate for a special tax to assist the homeless that many other businesses opposed. In the years leading up to the pandemic, Salesforce became San Francisco’s biggest employer, occupying two new towers in the South-of-Market district.
When it came to a full return to offices, Mr. Benioff wasn’t a fan. “We’re not all going back,” he said at an industry event in 2021. “People’s consciousness and lives and ability to work has changed.” That put him in conflict with Mayor Breed, who in an interview earlier this year said that “for this city to be thriving, we need people back in the office.”
Salesforce this year began adopting a stricter return-to-office policy, asking some workers back as many as four days per week. In his public remarks, Mr. Benioff has continued to say that his earlier comment about the workplace being changed has been validated.
There has been a slight increase in activity in San Francisco this year, say landlords and small businesses. JPMorgan Chase & Co., a tenant of 560 Mission Street, has instructed managing directors to be back in the office five days a week. Tech giants like Alphabet Inc.’s Google and Uber Technologies Inc. have called employees back to the office some days.
Brokers say venture-capital firms investing in the fast-growing AI sector are making inquiries about office space. “If I wasn’t bullish on San Francisco, I wouldn’t be here,” said Chris Roeder, lead broker for the San Francisco office of commercial real estate services firm

Some landlords are getting new leases signed, though with steep concessions. In 2019, tenants signing 10-year leases would typically get three months of free rent. Today it can be as much as 18 months, brokers say.
Average asking office rent was $75.25 a square foot in the first quarter of this year, compared with $88.40 the first quarter of 2020, according to CBRE. Meanwhile, tenants are getting sublease space for as low as $25 a square foot. That is just enough to pay the electricity, heat and other costs to operate a building, said Elizabeth Hart, president of North American leasing for commercial property services firm Newmark Group Inc.
For the building at 350 California Street, some brokers say even an 80% markdown from the 2019 value might not attract an abundance of bids. Few conventional lenders will provide debt financing for a near-empty tower nowadays, brokers and landlords say, which means the winning bid will likely have to be all-cash. They say it’s even possible no deal will be done.
Matthew Anderson, managing director at Trepp, the data firm, said that selling the office building at a deeply discounted price would be a sad moment for the office market sector.
“I want to cry,” he said. “I’m getting emotional just thinking about that.”
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https://www.youtube.com/watch?v=GWBzxr3c29s

https://www.youtube.com/watch?v=a0z5sD8ylRY

https://www.youtube.com/watch?v=l44g0eW3rwI

https://m.youtube.com/watch?v=lAD6Obi7Cag&pp=ygUveW91ciBtb25leSBmb3Igbm90aGluZyBhbmQgeW91ciBjaGlja3MgZm9yIGZyZWU%3D

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Job cuts
Morgan Stanley and Citigroup have joined the chorus of companies announcing job cuts as cost pressures rise. Morgan Stanley says the move is necessitated by the slump in dealmaking, which spurred a profit decline in the first quarter. Just months after the bank trimmed about 2% of its workforce, it plans to slash a further 3,000 jobs globally. Citigroup CEO Jane Fraser cited similar pressures, saying the company is willing to adjust staffing levels inside its investment bank as they cope with the dealmaking drop that’s cut into fees across Wall Street.
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Ts

Do I need to send the cops for a welfare check?
Also Union Bank is in 350 California st.

~announce a buyback get this thang moving lol

Who the hell would want to invest their money in bank stocks these days ?! These banks have turned into jokes . I used to have a lot more respect for the bank boys but most of them have gone woke . You go woke you go broke !

~yeah I don’t get this at all & earnings in general been good & better than expected.

I bought sixty 5/5 $35 calls @.04 & forty 5/12 $33 calls @.05c.

I have no clue why this is down with good earnings. I bought 129 calls exp 5/5 @ .07, wish us luck!

~bought the 5/12 $33 calls @.05c

~yeah this is not what I was expecting

Wow what a shit show

~Les have a lovely day here @ BAC

EPS of $0.94 beating expectations of $0.83
Revenue of $26.3B beating expectations of $25.28B

~bought the 5/5 $35 calls @.04c