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Bank of America Corporation

Bank of America Corporation (BAC)

36.01
0.60
(1.69%)
Closed March 19 04:00PM
36.00
-0.01
(-0.03%)
After Hours: 07:54PM

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KingOfSwing...Trading KingOfSwing...Trading 7 days ago
Billion? Goodness
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DeafTrader2 DeafTrader2 1 month ago
SM. Fake News .
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DeafTrader2 DeafTrader2 1 month ago
WRONG . You are false !
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STOCKMONSTER STOCKMONSTER 1 month ago
GOOD GOD!!!!! GLOBAL COLLASPE HAS STARTED!!!!!! PIG TURDS FALLING EVERYWHERE!!!!! MARKET 14K!!!!!!!!!!!!!!!!!!!!! CRASH ALERT!!! MUA HA HA HA HA HA!!!!!!!!!!!!!!!!!!!!
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STOCKMONSTER STOCKMONSTER 1 month ago
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!!!!!!
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lodas lodas 2 months ago
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
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IPO$ IPO$ 2 months ago
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.
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Jaxxm Jaxxm 2 months ago
Can it see 10 dollars by then?
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2 point spread 2 point spread 3 months ago
Hello friends. BAC 2024!
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BottomBounce BottomBounce 3 months ago
Gold remains an attractive long-term asset as short-term pessimism remains elevated - NDR's Tim Hayes $BAC
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BottomBounce BottomBounce 4 months ago
Goldman Sachs raises 12-month gold price target to $2,050 as precious metals such as Silver, Platinum and Rhodium metals soar. $BAC
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TRUSTUNITS1000000 TRUSTUNITS1000000 5 months ago
Flippers paradise
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Saving Grace Saving Grace 5 months ago
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
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Saving Grace Saving Grace 5 months ago
Dividend a little late. BAC is sinking. Nobody will hold this till Dec. 29th.
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DTGoody DTGoody 5 months ago
Banking Turmoil: U.S. Banks Post MASSIVE LOSSES

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BottomBounce BottomBounce 5 months ago
stronger safe-haven flows into gold and silver $BAC
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DTGoody DTGoody 5 months ago
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!
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DTGoody DTGoody 5 months ago
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!
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DTGoody DTGoody 5 months ago
BOND Yields Spiking Uncontrollably! Going to be a Red Day Today Across the Board!
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t1215s t1215s 5 months ago
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
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TRUSTUNITS1000000 TRUSTUNITS1000000 6 months ago
Terrible, a while back stock went from close to nothing to a lot, also $20 to over $40
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BottomBounce BottomBounce 8 months ago
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.
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Saving Grace Saving Grace 9 months ago
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
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BottomBounce BottomBounce 9 months ago
Bank of America Corporation $BAC Total Debt (mrq) $705.12B
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BottomBounce BottomBounce 9 months ago
Bank of America Corporation $BAC Total Debt (mrq) $705.12B
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BottomBounce BottomBounce 9 months ago
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
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BottomBounce BottomBounce 9 months ago
$BAC Total Debt (mrq) $705.12B
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mr_sano mr_sano 10 months ago
BofA helped FBI by providing financial information on transactions in the DC area after 1/6 ! They basically went full commie!
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Triple nickle Triple nickle 10 months ago
‘Em hmmm and their sins shall be shouted from the roof tops.

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Saving Grace Saving Grace 10 months ago
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
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BottomBounce BottomBounce 10 months ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171885981 $BAC
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Lowjack Lowjack 11 months ago
https://imgur.com/a/SUkVguK
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Lowjack Lowjack 11 months ago
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!
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t1215s t1215s 11 months ago
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.”
——————
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

———————————————-

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
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Lowjack Lowjack 11 months ago
Do I need to send the cops for a welfare check?
Also Union Bank is in 350 California st.
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Greedy G Greedy G 11 months ago
~announce a buyback get this thang moving lol
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Nivea67515 Nivea67515 11 months ago
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 !
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Greedy G Greedy G 11 months ago
~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.
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rokjax rokjax 11 months ago
I have no clue why this is down with good earnings. I bought 129 calls exp 5/5 @ .07, wish us luck!
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Greedy G Greedy G 11 months ago
~bought the 5/12 $33 calls @.05c
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Greedy G Greedy G 11 months ago
~yeah this is not what I was expecting
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winna winna 11 months ago
Wow what a shit show
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Greedy G Greedy G 11 months ago
~Les have a lovely day here @ BAC
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mikeski74 mikeski74 11 months ago
EPS of $0.94 beating expectations of $0.83
Revenue of $26.3B beating expectations of $25.28B
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Greedy G Greedy G 11 months ago
~bought the 5/5 $35 calls @.04c
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Lowjack Lowjack 12 months ago
If you're buying CD's you're doing it wrong! SIPC good up to $500k.

Get your oil storage lined up, Saudis are in trouble!
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t1215s t1215s 12 months ago
Low ,one more thanggggg
Update Schwab Hit by Worst Month Since 1987 Amid Cash Sorting Woes
Stock tumbled 33% in March, wiping out $47 billion in value
So-called cash sorting has weighed on Schwab’s earnings power

https://ca.finance.yahoo.com/news/schwab-eyes-worst-month-since-154652896.html

Bloomberg) -- Charles Schwab Corp.’s worst month in more than 35 years has sparked a debate among analysts as to whether the brokerage giant has been unfairly punished by investors amid growing fears about the US banking sector.

There are times in markets where logic is thrown out the window and emotion takes over and I feel like this is one of those moments with Schwab,” said Adam Sarhan, founder of 50 Park Investments.

He added that the rout is a “historic buying opportunity” for the financials sector as a whole and something not seen since 2008. Other brokerage stocks were also lower, just not as much as Schwab. Interactive Brokers Group Inc. for instance, fell about 4% in March.

Schwab is facing a pair of headwinds. Its banking arm, one of the largest in the US, is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank. Like many of it peers, Schwab invested in long-dated bonds during a period of historically low interest rates and is stuck with losses on those investments as the Federal Reserve has increased interest rates over the last year.

Read more: US Banks Have $620 Billion of Unrealized Losses on Their Books

Higher rates have also created another headache for Schwab, customers seeking better returns are moving their cash deposits into higher yielding assets like money-market funds within the brokerage or elsewhere. That process — often referred to as cash sorting — has put pressure on the company’s profit outlook.

“As cash sorting occurs, that effectively hurts earnings power,” said JMP Securities analyst Devin Ryan. He added that Schwab is now paying well over 4% for deposits that it was once paying just about 0.5% for.

Read more: Flight to Money Funds Is Adding to the Strains on Small Banks

The pace at which customers are shifting their cash at Schwab spurred Morgan Stanley analyst Michael Cyprys to cut his rating on the stock for the first time since he began covering the brokerage company in 2016. Still, Bank of America’s Craig Siegenthaler, who downgraded Schwab in January, remains the only analyst with a sell-equivalent rating on the stock.

Schwab is set to report its first-quarter results before the open of trading on April 17. Its shares have fallen at least 1.5% during each of its last five sessions following its earnings release.

Buying opportunities like this are very clear in hindsight, according to Sarhan. Still, “having the courage in real time is very difficult,” he said.
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t1215s t1215s 12 months ago
Duhhhhhh Yikes lol. When you purchase a CD from a bank, you are entering into a contract with the bank. If the bank fails, the FDIC will reimburse you up to the FDIC insurance limit of $250,000 per depositor per bank. Even if you have multiple accounts at the same bank totaling more than $250,000, the FDIC will only insure your accounts up to this limit.

4.50/5.00 5 yr lock-in no gamble lol

You don’t buy anything do ya , ur a yell from the back of the bus n that’s ok ,no skin off my back , you buy when it’s low or you or you average down and wait

Now come back in 12 mos ok , now go play somewhere else
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Lowjack Lowjack 12 months ago
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t1215s t1215s 12 months ago
Low I’ll take no risk 4.74 % on 100, for 5 to 7 year’s and for cash flow only on interest at my age ,no gamble , just for piss away fum ( oh and UTG seems to be a cheap closed end fund div cheap at the price oh and only a fool would not buy BAC at these pps , fool

Ts
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