Reddit Posts
Election year. Trump stocks and Biden stocks
Economic Events and Notable Earnings for the week starting 01-08
Thoughts for $BAC and $JPM Earnings Report 1/12?
Earning calls of lots of major financial institutions on Jan 12. JPM, BAC, WFC, HDB, BLK, …
Good time for Bank Stocks, since Fed potential interest cuts?
$ACGX Thinly traded, Low Float Runner!
This company makes drinks that help reduce BAC
Looking for the next $SHOT- suggestions on stocks that have a product launching soon
Bank Of America; How do you guys see it currently and its current price?
SHOT Thoughts on short squeeze? 7.5% Short Float and Strong Buy
Bank of America $BAC closed at 29.04 on Aug 30. Today it is trading at 28.78 yet the feeds say it is down only $0.01. How does that work?
JPMorgan Chase Analysis and Financial Statements
SoFi - Questionable Accounting and Business Model
SoFi - Business Model makes no sense and weird accounting
What are some stocks that worth selling covered calls?
What should I add? Thinking about adding a dividend stock.
Canadian Financials and US Financial Options Trade
Diamond in the Rough- $USB making a comeback 💎
Bank of America $BAC to pay $250 million in fines and restitution
Bank of America accused of opening fake accounts and charging illegal junk fees
How do I decide between initating a new position vs adding to an existing one?
Bank of America $BAC is facing $100 billion in paper losses in bond markets, due to interest rate increases
BAC: Still running. Resistance soon. 4.66% gain so far.
💰💰💰Get new runners! 06/12 #premarket $IFBD $KDNY $AHI $BAC $GOVX $XPEV
US Banking Crisis Spurs $756 Billion Capital Surge Into Cash Funds
Market Recap - 6/1/23 - Stonks only go up?
Why LULU's earnings today will completely obliterate everyone
#Strategy Validation: Events like the US debt crisis have increased the vega significantly
Should we listen to BAC?? Those guys lie a lot but this seems different
Week Ended May 19 - Recap and thoughts for next week - We stay invested but cautious as a result
The Wheel Strategy: Intentionally Assigned for Dividends
Warren Buffett increases stake in BAC by 2%
Why do some companies not have liquidity until 9:00 am?
Market Recap - 5/4/23 - "It's not my fault, it's 'market manipulation'"
Bill.com: Empowering investors with confidence amidst Covid-19.
Will the Cash App be the savior for Block struggling quarter?
50% of this Bank of America Corporation (NYSE:BAC) insider's holdings were sold in the last year
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
BREAKING: Jim Cramer says the collapse of First Republic Bank could mark the end of the banking crisis.
Inmates Running the Asylum: Low Quality Articles on Investing and Stock Picking by Journos Pretending to be Investment Analysts
Inmates Running the Asylum: Low Quality Articles on Investing and Stock Picking by Journos Pretending to be Investment Analysts
Market Recap - 4/17/23 - Everyone is bearish, but stonks only go up
Bank Earnings Provide Confidence to Buy
2023-04-17 Wrinkle Brain Plays - In the style of Barney Stinson
BAC - are deposit outflows already priced in?
if you hold RKT, UWMC, LDI or WFC, BAC, JPM… food for thought on mortgage debt-to-income
US Financial Sector Earnings - Q1 thoughts?
I’m hoping to christ BAC goes back up to where it was before the crash
Looking for a bank stock to invest in and hold long term 10-15 years.
The Idiots Guide to Why the CRE Market just entered a Negative Feedback Loop.
Data Point: Early Assignment on Sold Put...in Pre-Market
Mentions
What’s the play here? Any upcoming catalysts for BAC?
https://preview.redd.it/9h9sm3b74meg1.jpeg?width=1290&format=pjpg&auto=webp&s=8400f35c71377f86c9dded63182530aa582e979c Thanks be to BAC
my very first trade ever, took every penny i had and bought BAC @ 2.65 in 09' when the dow was down to 7400.
Calls on OP's blood alcohol content 🔥 Nice play though, I think we'll see a 🌮 on the JPM threats, and the rising tide will lift BAC's boat
Better hope BAC isnt holding silver futures bags they sold naked
At least BAC shares untouched 😎
WMT was last summer and it was literally picking Walmart and getting lucky 🤣. WFC was this week which I bought with BAC, all the bank stocks went down after something about credit cards idek, I thought it was an overreaction and I was right. Both were luck, but Walmart was dumb luck, I genuinely had no reason to take that trade
I had my version of this, in the 2008 crash, got a $5K cash advance on a credit card and bought BAC at its lowest point…made 15K. Congrats OP!
BAC feeling solid but you about to discover a lump
Look more into it, they’re a sketchy company led by no other but Stratton Oakmont alumnus. I jumped on the stock back in 2023 when I first heard of their “BAC reducing” beverage, safety shot. Pre ordered their drink, got it in January of 2024 and after just one sip knew I had to sell everything- thankfully it got pumped and I got out before it got dumped (shocker - a Stratton Oakmonts specialty). Turns out all their claims about being BAC reducing weren’t supported, they were never able to produce any studies that proved this - it was basically a 200mg nootropic mud water that was orange. And here we are now, back in another suspicious venture - although I have been buying since they’ve announced their alt/crypto treasury rebalancing.. sure high risk, but could be high reward. They will find a way to manipulate the price of their shitcoin, just gotta make sure you can dump before they do
So, a company that created a BAC reducing drink, a true benefit to society, that then decided to pivot into shitcoins instead? You don’t hate cryptobros enough.
Still BAC. Always BAC.
Should be a good trade. Crushed vol, overreaction to strong underlying figures, not too far OTM, and plenty of time. BAC is the top pick for large caps banks at MS with a PT of 70. Best of luck.
How we feeling on BAC calls? They cheap as dirt
They own "Sure Shot", the hydrating/electrolyte/BAC reducing (although they are careful to say that) drink, among other physical products. They also now own / run an online shitcoin platform, which brings in profit from other people's bad ideas (i.e., creating/trading shitcoins). That being said, they also have their own coin, but it isn't their primary driver of revenue afaik. Their current revenue is way more than you'd expect from a company with that low of a valuation.
Welcome to the club of beating earnings but falling on valuation concerns, BAC holders! From, JPM baggies.
Double top on BAC on the all-time chart 😨
Those who played JPM earnings yesterday, are we playing any more bank earnings today? BAC? WFC?
Citi Bank 3DTE puts seeing $877K+ ahead of earnings tomorrow put flow on $BAC as well
Citi Bank 3DTE puts seeing $877K+ transacted at the ask ahead of earnings tomorrow We have seen some put flow on $BAC as well
yall boys are going to trade "BAC" earnings report
we are at a breaking point. In 09 when the dow was at 7400 I took all my money and bought BAC @ 2.65. My rational, if BAC fails no one can save them, they are too big, and if they fall then WFC and the rest of the Bigs fall. if any of the Big Banks fell, it was over and money is worthless anyway. Debt is beyond recovery, the dollar is failing, pretty much every stock is beyond over priced.
Lol BAC getting Margin called if Silver hits $92. Silver already trading > 100 on the street. COMEX can't fix the prices.
BAC and C is short a whole bunch of silver.
Because it's not actually going to happen. Conglomerates like BAC own the government, nothing that harms them will ever pass.
Should I bet against $BAC given the news about Don@ld proposal to cap credit card interest rates at 10%?? How come no one is talking about that? 😨
Definitely buying BAC but stocks not options good luck
BAC 2 day options looking tasty with today’s dip🤤
Ironically, I usually have a BAC of 2.65 before I make any trades
my first trade ever was BAC @ 2.65
Man, 2010 was solid, but getting into bank stocks in 2008 was the shit. "They're going to nationalize them all" drove some real panic and once-in-a-lifetime share prices in BAC, GS, MS, heck even CITI
Funny you mentioned this today, the Mod on another sub I'm on said GS, C, and JPM "have been killing it." So I checked, and indeed they are. I added BAC to my chart and snipped it for you guys: [BAC, C, GS, JPM 3-month trends](https://imgur.com/a/Xd2LK0O) Good earnings should of course help those trends continue.
BAC Jan 14 Earnings is going to be crazy, y-o-y net margin is already up 2%, 2024-2025.
Energy and Financials are being touted as rotation is on or happened. This could hit tbh. Go lurk on some BAC reddit
Buffett retired. No one gives a shit about BAC
lol great non answer. duh you bought BAC puts. what puts.
I'd say best case is BAC goes to $58.42(0)^*nice~* and OP's calls expire worthless.
Have some BAC June calls. Would like to think yours will work out
Great start to the year, when you overweight semis, overweight small cap value, overweight healthcare, overweight banks, +0.7% compared to S&P500. Now today I did sell all of my BAC for more AMZN
Probably this. As someone who sells options (puts and calls) and holds BAC as a stock. I don't really bother selling BAC options on either side because BAC like JPM/KO/BRK.A are built to be stable blue chips that are low vol if not outright anti-vol. Also they don't have the huge flows or trading casino floor that SPY does. I hope OP is right, but seeing that it's on front page? More likely that BAC tanks instead. In that case fuck them for jinxing me.
Alright. I’ll follow BAC. You holding until earnings or selling for a profit when you hit a goal pre earnings?
If the rumor of big time silver short turned out to be BAC, the stock will be hammered. Which is why i bought puts.
Personally I have leaps in BAC because i feel the investment banking boom will continue
Citigroup was my biggest winner at 98% returns! BAC also did well.
If Citi and BAC are allegedly the silver shorters that needed liquidity pumped into them by the Fed overnight. Why aren’t they the next GME? Why aren’t we slamming shorts on them?
BAC short up to 1 billion oz of silver.....Puts?
I buy LEAPS with a delta of .75 or greater. I look at companies that have good IV and growth. My money is on GOOGL atm. I'm thinking NFLX LEAP next. Is there a reason why you chose these stocks? Seems like bad picks overall. Walmart just sucks. Amazon has performed badly over the year. Bank of America? What? Never heard of anyone say they're trading BAC. JPM, why?? XOM is more for dividends than options
Hold that BAC play until the day of earnings then sell it off the high IV
GOOGL is a terrible stock to wheel. It can gap on news about AI, ads, government policy, etc. If you truly want to execute wheels instead of CSP-to-stock ownership route, you should look for stocks that tend to mean-revert instead of trend. These tend to be the boring sectors like financials or utilities. Think F, T, BAC, etc. It also depends on how quickly you’re looking to execute wheels. I just started on my wheeling journey, and have a fast cycle focus - typically looking to complete the CSP-Assignment-CC-Assignment cycle in 3 weeks max. So tickers with liquid weekly options are a must, to compound your projected annualized returns.
According to their own FAQ, the device doesn't measure BAC, only the presence of alcohol. Also, their most recent 10-Q indicates they are burning through $1.5-2M per quarter in admin & general (not R&D or COGS), with $4M in the bank. Sales are \~$400k per year at 34% gross margin, so they would need to 59x their current profit just to break even. It is trading at about 40% of book value, so there's a possibility that it might pop, but volume is so low that the bid/ask spreads are gonna be wide even if it does. But, hey, if you believe, more power to you.
Look into BAC deep itm leaps. Hopefully they continue to benefit from a busy investment banking sector
XLF I think the financial/consumer data these companies own provides better moat than the companies tasked with storing/analyzing it. Tools can become outdated but data is forever. BRK, JPM, MA, V, BAC, GS
I am 68 years old and started investing when I was 40. I was hit hard during the internet bubble in 2000, losing approximately $100,000. That experience taught me an important lesson and motivated me to educate myself about investing. So far, I am doing well. My stock holdings do not include real estate or money held in the bank. I have invested in stable companies such as BAC, WFC, DIS, GOOG, COST, AAPL, AMZN, and others. In 2021, I began reading about artificial intelligence, and in 2022 I started investing in PLTR, NVDA, AMD, and the “Magnificent Seven.” I believe AI will be a major driver of growth by 2026 and will eventually take on certain ETFs as well. As always, luck plays a role, so I am bullish.
But how many AUC of THC fragments is too many AUC of THC fragments, and who makes that decision? At some point we decided that 0.08 BAC was the max allowable for driving before becoming too impaired. Impaired judgment doesn’t work that way with THC because it metabolizes so much slower than alcohol. While the detection technology may be completely legitimate, although very little data is provided here, it does not in any way determine if someone is impaired.
Or every time something is at a "record level" if you want your BAC to reach a record level
Bank of America has the largest short position of silver, all it takes is for another country to close their positions and ask for delivery of the physical Silver and that’s a wrap $BAC puts six months out
on Friday, March 6, 2009 BAC, Citigroup & Ford BAC was $2, Citigroup was 97 cents & Ford was $1.
I have so many investments — all of the Magnificent 7, plus MasterCard, Wells Fargo, BAC, AXP, Costco, etc. I consider myself lucky. While I’ve had many winners, I’ve also had some losses, such as BlackBerry, AT&T, and Enron. I’d estimate my total actual loss of real money to be around $250K. I’m 68 years old and started investing when I was about 38. I believe I had around $100K in my 401(k) at the time. After working with a financial advisor and not being satisfied, I decided to start managing my own portfolio. Today, I have around $15 million — again, very fortunate. My favorite investment is LLY. Back in 2013, I purchased $100K of BMS at around $60 per share. I was later in an accident and, while in the hospital, overheard two doctors talking about LLY. I asked why, and told them I owned BMS. The doctors told me to dump BMS and buy LLY instead. I sold my BMS and bought LLY at about the same price, around $60 per share. Today, BMS shares are around $55, while LLY is over $1,000. My $100K investment is now worth about $1.6 million. It’s funny — if it weren’t for that accident, I might never have bought LLY.
This is an interesting spot on U. Ideally you’d want this area to hold 46-43. Might do a flush out, then hopefully a grind back to the upside. Weekly structure looks shaky. I’m thinking with poor AI sentiment, overall tech sector is going to lag for a bit while other sectors get more love. Look at ticker JNJ, this market isn’t a bearish market. Just rotational as tech has been the story for too long. And with ORCL and AVGO catalysts gone for the upside, it was a rotational, controlled selling on certain sectors. Ticker BAC hit ATH Friday since 2006. Need a catalyst to bring back tech flows. It’s been quite the opposite past few days inflows vs outflows on tech. Inshallah lambos and rari’s my bro. https://preview.redd.it/1lxu74mui97g1.jpeg?width=1320&format=pjpg&auto=webp&s=2cd3740f1ca04f2cf2c2885fd287f9ba05c13b7d
something to think about over the weekend... why AXP, BAC, WFC, XLF and more financials make all time highs today?
This is the macro problem atm: lots of money is sitting there that could be spent, but on what? Like we had this massive run up the last week, and if you were sitting on a basic S&P index you wouldn't know as most are down or about neutral for the week while the Russell is way up. The last tech rotation was taking all that money in Amazon, Microsoft, Nvidia, and AMD and moving it toward Broadcom and Google because of Gemini 3 and TPU speculation. Then everyone looked at how insanely overvalued Broadcom got yesterday even if the numbers were good and pulled out. Also Oracle seems like it's going to drag the entire sector down by itself with its insane credit risk, so investors haven't even shown a new target yet other than Apple playing the role of Switzerland in this entire AI clusterfuck equation and reaping the benefits from it. Otherwise investors may just be sitting it out until another Gemini 3 moment happens. As the op said, there's a banking run going on so that's been great for my BAC shares, but that's closing in on 12-month price target levels at this point. BAC is trading at higher than its moving average than Nvidia. I think I'm good at sitting on my existing position there for the moment lol.
BAC Bank of America has finally reached their peak 2006 price levels. History shall repeat itself
Hello, I’m a 26M in the US looking for advice as to whether I should sell my BAC positions or ride it out. Looking at the chart, BAC is at its highest it has been since 2006. I bought in at 28.50 per share and it’s sitting at about $54. I’ve made an 89% return. My heart says sell, but I am grossly undereducated on trading, but I have noticed nearly every time a stock reaches a peak in the chart, there’s a subsequent downturn. That said, I trade through Robinhood, and their “Analyst Ratings” states BAC at 79% buy, 21% hold, and 0% sell. In the news, Buffett has been offloading BAC shares. Their next earnings call is 1-14, and their previous quarter’s earnings exceeded expectations by about 14¢ per share. Earnings have exceeded expectations all year, so if they beat expectations again next month, should I expect an increase? Also, the fed decision is coming up, so that will impact it as well. So, if I do sell, should I do it now at the price spike, wait for the Fed decision, or wait for the earnings call? If I do sell, what then? Do I put my initial investment back into BAC and reinvest the profit elsewhere? Thank you in advance.
I was gonna say, because I noticed others like BAC and WFC didn't drop. Good buy opportunity for some calls maybe.
BAC -0.9 GS +0.8 BLK +0.7 WFC -1.19 C -1.1 JPM -4 MS +1.4 Nice cliff bro.
I am too afraid to do any calls other than Covered calls, but I hope you do well. I am not of the mind that we are in an AI bubble yet that is about to pop. More and more people are purchasing, including average joe every day retail, AI access. It may be under priced but sale and use are increasing. Eventhough current revenue can't cover the costs of build out it still is revenue. Compared to the dot com era thousands of "companies" were just ideas, not actual companies with goods and services already producing income. I think it will continue to increase in diameter before the big kaplow. I hope the Markets react positively Wednesday, I just increased my shares in SOFI, JPM, BAC, AXP, and XLF. Not overweight just a little increase, just in case.
Hello, I’m a 26M in the US looking for advice as to whether I should sell my BAC positions or ride it out. Looking at the chart, BAC is at its highest it has been since 2006. I bought in at 28.50 per share and it’s sitting at about $54. I’ve made an 89% return. My heart says sell, but I am grossly undereducated on trading, but I have noticed nearly every time a stock reaches a peak in the chart, there’s a subsequent downturn. That said, I trade through Robinhood, and their “Analyst Ratings” states BAC at 79% buy, 21% hold, and 0% sell. In the news, Buffett has been offloading BAC shares. Their next earnings call is 1-14, and their previous quarter’s earnings exceeded expectations by about 14¢ per share. Earnings have exceeded expectations all year, so if they beat expectations again next month, should I expect an increase? Also, the fed decision is coming up, so that will impact it as well. So, if I do sell, should I do it now at the price spike, wait for the Fed decision, or wait for the earnings call? If I do sell, what then? Do I put my initial investment back into BAC and reinvest the profit elsewhere? Thank you in advance.
>Market Chameleon Most Active Options: NVDA, SPY, TSLA, BAC, QQQ Oh tell me more great Oracle
well it depends ------ how much debt are they carrying .................... if a company , no matter the size has zero debt , then it wont help them in that respect. but --- it could also allow them to borrower in better conditions for doing XYZ OR ---- allow their customer base to buy at better pricing depending on the business :, cars, homes, major purchase items etc OR --- lowers peoples monthly expense allowing them to spend more ( assuming they can refi everything they have and get materially better rate / deal it is not all or nothing clear cut , but it also that magical or assured of a thing either -------------- if rates are low or too low, why would i want to lend you money , that kind of thing OR an even better thought , if US bond rates are too low , who would want to tie up money for a long time given US Debt load already , ask BAC about that one :D
If you invested in $BAC 17 years ago you’d just now be breaking even. Boomers are happy about this one.
I get it. I'm a little older - many ups and downs - mistakes and a few wins. Do some indexing and a little speculation too. One of my long term boring holds actually is Cramer influenced. 10 years ago I bought BAC because he made some interesting comments. It's been a good diversification and don't claim JC was a sage, it was just some interesting comments.
I like SHOP. BAC steady as she goes. Lesser IV, but it has treated me well.
$1 today is worth $0.63 of 2006 (peak BAC price) dollars. https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator $52.48=$33.59 Still down 36% after 17 years of "growth" There is your sober moment.
Jarvis let’s dial BAC up to 0.31% and …. Activate margin.
been focusing on financials lately... JPM and BAC have consistent option flow and predictable earnings cycles. IV spikes are clockwork around their quarterly reports and polymarket odds on rate cuts have been moving the whole sector so easier to time entries. Tech is oversaturated with retail options traders now
Over the last month or two I slowly shifted everything into Google. I still had some BAC I picked up after tariff day 1 but otherwise cleared the lockers of everything else. Friday morning I was thinking of selling Google and Friday evening the Berkshire announcement happened and so I knew I was definitely selling everything Today. I did well and am pretty satisfied with the gains. There were missteps along the way. Selling UHC the day before that Berkshire announcement 🙄
>Right, but Berkshire's best deals aren't available on the open market. >When everyone 's hair was on fire in 2008, Warren was making deals with GE and Goldman to "help them out" by buying perpetual preferred shares with a 10% coupon along with warrants to buy common stock at fire sale prices that extended out for years. Very true. I also feel many of Berkshire's best deals were done during the GFC with special in person deals like the ones they got with Goldman Sachs or GE. Some of their China investments were either unavailable or difficult for US investors to mirror. For those cases I don't follow because I can't. It's important to not 1:1 mirror things but to know yourself and the one you're copying/inversing. I bought DAL at the lows after Buffett sold his shares. I suspect DAL or the US government might have wanted BRK to foot some investment prior to getting bailouts or handouts. Or maybe BRK themselves feared for that and dump it first because they didn't like airlines anyways due to them being very cyclically sensitive, needing bailouts every downturn, and better being trading vehicles. I had no issues for a shorter term trade 1-5 or 5-10 years rather than "forever", no one will ask me to foot over money first for bailouts, and I don't mind trading nor volatility. I bought BAC after Buffett bought his shares on the open market for a higher price. BRK did a swap into BAC after dumping WFC. A good move IMO since WFC sullied it's name with the fake/fraud accounts. I also didn't like WFC so I didn't buy Buffett's sell. I personally use BAC but never bought into it but Buffett's buy gave me added confidence to go into it quickly because I assumed BRK had done the homework. So I aimed to buy at or under their $24-25 purchase price. >When you buy Berkshire, you're buying a tiny seat at the table for the kind of deals only they can pull off. That's not something I'll try to dispute. I think it's a sound belief. I just choose not to myself.
You can decide if it's highly regard or exceptionally brilliant yourself. But my reason for buying DAL during the pandemic lows: 1. Buffett/BRK already did the vetting and homework on DAL prior to the pandemic collapse. 2. DAL was the best of the airlines and least likely to be bankrupted. If other died or got consolidated then DAL will get their share or take them over. 3. Most of the companies and airlines were asking for bailouts and based on the GFC most of the biggest ones got bailouts. I had no reason to believe otherwise. 4. This leaves WHY Buffett/BRK sold. They sold WFC and moved to BAC because of the WFC scandal probably made them lose trust in WFC. But why did they also sell DAL? I assumed probably 3 main reasons: Reason A being that airlines aren't great long term investments but more like trading vehicles which BRK might not want in their portfolio. Reason B being that the airlines have proven to dump and be very high VOL every time there is a recession which doesn't play well to BRK's portfolio building style. Reason C being that either the government, DAL, or both expected BRK to hand out cash in a double down either as a precursor to getting PPP/EIDL/bailouts or as a requirement for it. Or BRK feared that might be coming so they dumped out. 5. I wondered if it was right FOR ME to buy DAL at that time since I'm young, could hold for a long time, have a higher risk tolerance, don't mind selling out, and won't be asked to fork over a few hundred million before Pelosi & Trump give DAL a big bag of money. Answer was **YES** so I bailed out Buffett's DAL stocks from his paper hands. TL;DR ["Oh no airplanes house is empty but maybe soon airplanes house will be full"](https://www.youtube.com/watch?v=SYc6QmaGnYc)
here is the complete list: [https://whalewisdom.com/filer/berkshire-hathaway-inc](https://whalewisdom.com/filer/berkshire-hathaway-inc) Bought GOOGL, Sold some AAPL, BAC and VRSN. No change in UNH or AMZN. I would open a small position in GOOG and Time to go all-in with UNH and AMZN :)
Because Berkshire is a giant conglomerate who's investment timeline and goals are not a 1:1 match with mine? I understand why I like AXP/DAL/BAC because I understand why they bought/sold those. I don't like See's candy, understand Buffett's railroad obsession (must be a boomer thing since Biden loves the choochoos too), nor want to hold $381,000,000.00 in cash while inflation eats away at it. I prefer vanilla and leveraged index funds to get my broad market diversification.
Gotta say. I've always felt Buffett was my teacher and someone to learn from. I also developed portfolio habit of mirroring Buffett/BRK during the pandemic: buying DAL when he sold, buying BAC after they did, DCAing into AXP, etcetc. Because I just assume they'll do the homework for me and keep doing that homework. Now I see them buying 4B into Alphabet which I've owned since the days before the GOOG/GOOGL split. Am I the sensei now? Is this a vote of approval in my investment skills? Dunno. Just knows it feels fucking good.
Looks like BAC is going to finally recover from the great financial crisis just in time for the great tech collapse.
Everyone's talking about AI, but banks are rocketing without all the drama. JPM +34% GS +46% HSBC +43% BAC +22% MS +36% TD +51% Anyway, I'm bag holding a lot of tech. Hopefully, they will recover in the next few weeks.
How about $BAC getting back to 2008 levels JUST NOW?!
Thinking they need more cash than the combined cash held by the five largest public companies by market cap for their insurance business might be a bigger misconception. It makes up 30%, maximum 50%. Still a record pile. You don‘t have to take my word for it: Buffett has said that having a sizable war chest is a cornerstone of Berkshire's risk management. Berkshire's cash reserves served the company well during the 2008 financial crisis, when Berkshire provided crucial funding to companies like the Goldman Sachs Group Inc. (GS) and Bank of America (BAC) on extremely favorable terms, generating billions in profits.
BAC has officially recovered their losses from 2008
Same, but with Ford. Not as yeeted as BAC but in two or so years it'd have been a 600% gain.
Buffet bought tons of BAC after the recession. All you had to do was follow his trades.
It was not a dumb trade, it was an investment. He made the investment for the right reason, at the right time. The same time Munger put 50% of his money into BAC. Was Mungers also just dumb luck? Maybe you should learn from your friend.
I remember being a kid in 08’ and thinking how I would invest in BAC if I had money (poor family) because I thought the same. Bank Of America is going nowhere. Glad to see someone did lol
I had a HS friend go all in with his life savings into BAC because... it's Bank of AMERICA, there's no way they'd let that fail... He wasn't the sharpest knife in the drawer, but he had tons of money because he was single and spent 6 years on a submarine. He hasn't worked a day since like 2010. He rides his adventure bike around SE Asia and the Western US and blogs about it. He also spent a couple of years driving around to remote villages delivering laptops with encyclopedias loaded on them. Super chill dude, but man you want to talk about dumb luck. Glad it happened for him though. He's done good with his wealth.
BAC is so manipulated. Drop 2% yesterday on a no-news investor day and now up 2%.