BAC

panda_sauce

This goes much deeper, but TL;DR: * They're growing revenue over +100%/year with a 55% profit margin. * The market is mostly pricing them as a lender, not a marketplace. But, as of the Q2 earnings, more than 50% of revenue now comes from capital-light marketplace fees. * For the vast majority of the lending book crossing the marketplace: * They don't pay for marketing (their partners do). * They don't fund the loan (their partners do). * They don't buy the loan on the backend (their partners do). * The purchase market is frozen below 2008 transaction levels: * People don't want to lose their current low-interest rate loans and inflationary pressures are building from AI capex, the Iran war, and Treasury debt worries. * In this environment, HELOCs have massive tailwinds, because they allow people to tap their significant home equity without losing their low-interest mortgage rates. * The market is pricing a terminal (future) HELOC market share below where they were 2 months ago - and the rate of market share capture is *increasing*. * The only "sell" analyst rating is from a direct competitor (BAC), who also very likely just saw FIGR overtake them in market share (BAC won't report their figures until the end of the year; FIGR self-reports public weekly numbers which are third-party verifiable). * If you're a technicals person, the share price just closed above the 200-SMA; you missed the early bounce, but we're now in "confirmation" territory. My own model (that I've been building + tuning for months) is targeting a \~$88 share price, primarily limited on hitting limits on backend capital availability: |Case|What has to break|Value|Weight| |:-|:-|:-|:-| |Acceleration|nothing breaks, funding just scales|$253|7%| |Bull|funding ceiling is high, ramp normalizes|$187|24%| |**Base**|**distribution limits reached**|**$88**|**43%**| |Bear|pricing compresses + de-rate|$27|20%| |Tail|regulators recharacterize the product|$6|6%| (Note that the "tail" case here is basically the risk that regulators change all the rules around how the HELOC market works in a way that shatters the business - extremely unlikely, but included for due diligence; FIGR is also already diversifying the business.) I hold a significant long position. Happy to go deeper into the mechanics of *why* FIGR's marketplace works so efficiently that it's attracting 100+ new partners a quarter; it takes some explaining of how funding of the entire housing market works.

Delicious_Put_5857

my BAC

Gunk_Olgidar

I don't know of any AI bots that format this way or use grammar like this. But the the one sentence paragraphs make it harder to read, not easier. Grouping your concepts into paragraphs will make it easier to follow your thoughs. NVDA doesn't want to be in the data center business, which has awful ROI. Huang role is to hype up the cash train to fund the DCs so there's more customers buying his products. And last Friday he was trying to redefine his 3-4 year service life products as a "utility" in a lame attempt to get underwriters to reclassify the assets for longer service life. Ain't gonna happen, which is why you likely won't hear any more of that BS. And his latest ploy was for only 500B with 1T already "spent" in the AI DC bubble. Huang's bargaining/begging means the big Wall Street credit market is tapped out until the bills start getting paid, unless the asset class rules are re-written. And that's bloody unlikely. With bond rates rising, the cost of money is already pulling back on the reigns. So only retail bag holders are left to fund the hype -- which ain't much. It's certainly not going to get them to the 5T numbers they were throwing around. The monthly payment on a 1.5T is 2.2% per month for a data center, or $33B per month. That's just over $4 per person on the planet on average. And there aren't that many folks paying for AI services at all, much less enough to cover $33B/mo, which doesn't count the rest of the revenue needed to cover all the other costs of doing business, which will be at least another $2 pp/mo. Yes there are a lot of parallels to the setup of the Y2K bubble, which unlike this AI thing had a very clear and obvious horizon of 1/1/00. Cash was infinite in the late 1990s. Tech companies could not spend Wall Street's cash fast enough. It was drinking from a firehose. Then the water got shut off 3 months later in March 2020. But it took another 2 quarters of gathering bag holders before the market got rug pulled. Lived through that one first hand. Made a lot of money selling early in 2000 and then buying the dip in 2003. That obvious "end of Y2K" was obvious given the date and that everyone and their brother had spend their next 5 years of IT budgets already, so getting out of tech was the obvious play. The overnight market crash didn't happen in 2007-2009 with CDOs either, even though the "Margin call" trigger event was abrupt for Wall Street and those who sold Burry their shorts. The Big Short multi-mortgage-liar-loan thing was all very real where I live, so it was very easy (for me) to see it coming. Sold in Q4 2007 and bought back in March 2009 when BAC was too big to fail at $1.91/share. But that also took 20 months to bear out. When the useful idiots at OpenAI delayed their IPO, that was your first early sign of the AI top. And June was your first dip that followed. What happens going forward will depend on how well the first 1T of capex gets paid off. So keep an eye on whether it's via AI business revenue, or ponzi-borrowing. Wall Street can typically cover bad news for a couple quarters, but then even they run out of money.

DoubleFamous5751

Lololol why tf is PFE and BAC there?

m0n3yF4nM4n

Did similarly. As a one-time traveling competitive gamer (CS/SC2/WC3) that'd lug my custom PC to tourneys and such, while being a broke teen that didn't come from means - my shit never had celeron/pentium/or i series (got out the game right as those took over) cpus with a GeForce, nah - I rocked K6s and Radeon 6-9000s. Easy to overclock & didn't break the bank so I could splurge on maxing out ram. Fast forward to 2015, sitting in my lame ass (yet very steady paying) cubicle gov gig stamping papers, I decided it was time to actively invest. My uncle who's been my sensei in all things life since the get taught me not to overthink shit and either invest in broad funds or to just "buy what you know", so naturally started my portfolio with some telecom which clearly wasn't going anywhere, vzw and T were out my budget, so bought a bunch of sprint, why not - they were my carrier so felt right. Wanted exposure to banking, and JPM/WF were out my budget, but the bank I used at the time, BAC was affordable, especially once brexit happened and it fell to like 11 the day after. Withdrew every bit of cash I could, transferred as much as I could, and bought as much as I could with it that. Barclays as well. Felt like a logical thing to do. Article after article dropping daily about all the big auto manufacturers signing deals to advance the self-driving mission they were on, combined with IoT taking over every household appliance, it was pretty fucking clear chips were about to be in places other than my computer and servers. Intel was out the budget, plus was on like a decade long horizontal snooze fest and far from sexy, so naturally, I decided to check out the makers of my once-beloved athlons, and figured it was a no brainer. Su Bae seemed to be beloved by folk on various forums, there was buzz around upcoming projects, yet sitting at a couple bucks... Had another "fuck my savings account" moment my then GF was *not* a fan of, but fuck it - got my first round at $4.50. Shortly after it became clear I was not the only one with this idea, so got a second round at $6, another at $7, then another at $9, then $12. Did foolishly premi a bit and chose to sell a small chunk at $15 all proud of myself, but all good - did need some cash at the time, and can't change the past, but let the remaining \~900 or so ride. Yada yada yada - now my one-time "broke kids PC" athlon/radeon underdog darling is hovering around 5 bills. Tl;dr - sometimes there's a deal you feel is right and can't pass up on, just gotta take action. Worst case scenario, you learn a lesson that'd set you back a few k. Non worst case scenario, well, that couple grand goes 100x.

cryptohorn

Is papa buffet finally gonna dump BAC. Find out today

Jericho3434

Financials have been killing it. BAC up over 35% last 52 weeks.

Successful_Car1670

The fact that there’s very little news for clicks telling me JPM or BAC are bearish tells me all I need to know

JackORoses

Gambler juices = a 1% BAC

Ok_Cry7572

BAC (BofA) went from $46 to $64 in a single quarter, the kind of rocket performance you'd expect from an AI stock, not the nation's second-largest bank! Up 40% since late May 2026. It all comes down to real rates, inflation, and expectations for future rate hikes.

threebboyz

Bought BAC $60 9/18p. I own 200 shares @ 19.54 but I have a feeling a little selloff is on the horizon...

cryptohorn

Holee shyt I just looked at BAC for the first time in a long time. I remember when they were gonna nationalize banks so bank stocks were close to $0. Better times.

wlaxboy1

do i sell a $1.86 BAC 9/18 call?

Spac55

Leverage unwind is more painful than anything. Size of AI debt , Too Big to Fail ? At GFC-2008, $AIG Lehman, $BAC $C $MS $GS struggled to survive in 2008. “Situational Awareness “ blow up $45 Billion for leverage. All datacenter on debt load is worse than CDO of CDO Look market cap of semi and many cash burning Zombies or even all semi. $SPY $QQQ $SMH $MU $NVDA https://preview.redd.it/ikjp07kvkuih1.png?width=752&format=png&auto=webp&s=fb5597e1e9465f40af3f2a0fcea2edd0587705e7

Spac55

Situational Awareness hedge fund liquidated all $45 Billion holdings. $GS $JPM $BAC big 3 prime broker moved together to raise cash, failed, liquidated. They did fast, before bank run like 2023, after $SIVB, $FRC, $CS

h4ckerkn0wnas4chan

I mean I can always just hold onto them, I already broke even with the first sell so my VXX can patiently wait another few months. I just don't want to miss out on a higher return like I did with my BAC when I sold it in May after buying in of April last year.

Capable-Commission-3

Analysts at major firms post their ratings and price targets every few months. Could be JPM, BAC, MS, Bernsteins, among others. Analyst ratings mean little generally. Maybe gives you a vague idea of the company outlook. But the way Robinhood presents it, it’s useless. Those ratings could be a year old and irrelevant. StockAnalysis.com does a better job presenting the info. Gives the average analyst estimates for revenue/earnings/free cash flow in the coming quarters/years. That’s what’s most useful. Also the specific analyst, price targets, and dates posted.

Spac55

Situational Awareness hedge fund liquidated all $45 Billion holdings. $GS $JPM $BAC big 3 prime broker moved together to raise cash, failed, liquidated. Its holdings $BE $SNDK $CRWV $IREN $CORZ $SKHY $NBIS & many semi. when GS, JPM, BAC prime broker couldn’t save 45 Billion hedge fund Do you think they save Trillion crash of NVDA ?

lysergicjackboi

short BAC

lysergicjackboi

BAC short

Swearwolfofwallst

All we need is one of the dino fucking banks like WFC, BAC to realize they still can't make a website or mobile app anyone can tolerate under 40 years old and just buy Sofi. What are they at, 15m customers? It's pretty crazy WFC has 40m customers, BAC 70m, granted theirs will generally be more boomer-y probably with more money but those demographics will change in the next 10 years. Either that or for SoFi to get federal student loan admin contract. 2025 hype? I'm still hoping for 2020 hype...

Due_Marsupial_969

Also problematic is the fact that it's not something the market doesn't know. Guys like me aren't exactly balls deep in these hail Mary stocks cuz I think AI and tech will not be printing money versus QQQ or VOO or BAC in 5 years.

Fauster

Because Goldman, JPM, BAC, all gave it to him. I'm sure he'll use the language of Long Term Capital Management, run by Nobel-winning profs, who said it was a six-sigma event. I mean, what are the chances that Russian markets could collapse at the same time as the Ruble? Inconceivable! What are the odds that IGV could rally (the funding source for SMH this year) at the same time semis could crash? He's got a balanced book guys. He is hedged. He won a math prize. Give him 4x margin!

Icy_Instruction_7400

Banking and chip stocks like BAC, rtx, appl are doing well. Let’s just ignore gold man sacks tho

Itchy_Pudding_9940

trickle buying AMD and DELL.. IBM.. heavily beaten down tech. long on GOOG and BAC. FANG and VLO on dips. buying QQQ in blocks.. it's 9 or 10% from all time high and historically always goes back to ATH so a pretty safe bet

Sufficient_Habit5091

So say I JPM make a loan to you for $10k. Yes I digitally print that money into your checking account. But once you actually SPEND that money and pay a contractor let's say, it has to show up on *their* account say at BAC. To do that you have to subtract from JPM's account at the Fed. Makes sense?

SomePolack

Does pissing lower BAC SEARCH

brucekeller

I bought $15k worth of calls at SPX \~670 and they were calls on mostly banking stuff, C, BAC, FAS etc. I sold 2 days later for a meager profit. The calls were 2 months out. A lot of those stocks tripled or quadrupled in 2 months. I try not to think about how much money that would have turned into... options were also a lot cheaper back then. Easily $1m play I think. :\\

hayleybts

Or BAC if you have to invest

hayleybts

I like BAC, it's so stress free

orcassharks

That’s like having C, BAC, LEH, WM as your entire portfolio during the Financial Crisis. Full disclosure I’m an ORCL bag holder but at $136 entry lol.

octopus_serenader

Wtf GS JPM and BAC get a pump but Citigroup drills?

empty-bensen

Glad I was bullish on BAC in May. Just needs to stay high and generate bags from the dividends.

L0pat0

JPM and BAC both with definitive beats but both down. I’m blaming IBM for some reason

No_Zookeepergame_27

Algos selling BAC and JPM despite their beats.

theJimmybob

Do this long enough to know that this has probably never happened... seeing $JPM , $WFC , $BAC , $C , $GS all report earnings this morning

Spac55

$ORCL it was $1 Trillion, 6 months back. Even this price was before AI data center push by more GPU demand spike. Same for $MSFT 555 to 390. Life without internet Life without smartphones Life without AI, impossible $GOOG $AMZN $META $NVDA $MU $BAC $WFC $JPM all adopt AI.

fartificial_degen

what I meant is that I expect BAC, CITI, GS, WFC, JPM stocks to be down by 2-5% before Friday regardless of how the earnings go. oh and HSBC.

itsnotshade

Surprised you didn’t go for BAC. They’re probably the only ones not mixed up in private credit, which is pretty much a ticking time bomb considering where rates are headed (flat) as refinancing comes due. I’m always big on banks leading up to earnings but they seem to be lousy during the actual calls, despite them always posting winning numbers every time.

Independent-Egg9086

This week earnings: Bank of America (BAC) and JPMorgan Chase (JPM): Both report before the market opens on July 14. Tuesday, July 14, 2026: Aehr Test Systems (AEHR) July 15, 2026: ASML Holding (ASML)  July 16, 2026: Taiwan Semiconductor (TSMC) 

ImpressionAny1078

if you're thinking about selling puts or covered calls on any of the big banks right now, just remember earnings are right around the corner for JPM, BAC, GS etc. the premium is bloated for a reason. not saying don't trade it, but size down or go shorter duration so you're not holding through the print if it goes sideways.

Mysterious-Device-53

I'm probably an alcoholic by definition, but I guarantee I only get better with BAC I know this is not every case

AnotherNOP

I would check out Berkshire Hathaway's holdings. They are always solid. **Top 9 holdings by portfolio weight:** |Ticker|Holding|% of Portfolio|Value| |:-|:-|:-|:-| |AAPL|Apple|21.99%|$57.8B| |AXP|American Express|17.43%|$45.9B| |KO|Coca-Cola|11.56%|$30.4B| |BAC|Bank of America|9.52%|$25.0B| |CVX|Chevron|6.64%|$17.5B| |OXY|Occidental Petroleum|6.55%|$17.2B| |GOOGL|Alphabet Class A|5.93%|$15.6B| |CB|Chubb|4.24%|$11.2B| |MCO|Moody's|4.09%|$10.8B| ||

MsHathaway

ECB ad UCB are 2 favs but wait for a pullback. I always buy the lows, when everything else is down banks will survive. Of course BAC and BNY too,

hayleybts

BAC and relax

Spac55

Soon big banks and BigTech give strong earnings Looking great Q2 earnings by many big banks $C $JPM $WFC $BAC $GS $MS space all in $XLF. All big tech in $QQQ $SPX $NDX will give strong earnings, followed by big buybacks. Whole semiconductor sector $SMH $AMAT $ASML & many got a big boost from earnings spike

hayleybts

I like BAC, It's stress free

reddevils097

SPY and BAC calls

GumballCowboy

I wasn't paying attention to MU this year, so I missed the opportunity. Now I'm hoping it drops further so I can build a position—then, of course, I'd like to see it recover. I'm not rooting for anyone to lose money. Over the past five weeks I've sold a lot of positions using stop limits to protect my gains. You can't time the market, but at this stage I'd rather lock in profits than risk giving them back. Ironically, everything I sold (META, MSFT, GOOG—all in my IRA) has continued higher. You can't complain about gains... but I still do. 😂 I now have more cash than ever parked in SWVXX, and I'm trying to figure out when to deploy it. I don't want to miss a major rally, but I also don't want to buy before a bigger pullback. I get that If everyone knew the answer, we'd all be rich, so I'm doing as much research as I can. I even considered buying 1,000 shares of MU, but that's a big allocation and gives me pause. How much lower do you think MU could realistically go? Congrats to everyone who bought at lower prices. My biggest investing win was BAC—I bought around $5, sold at $41 after about 12 years, reinvested the dividends along the way, and turned a $100K investment into roughly an $800K gain.

brucekeller

Some people have such jacked digestive systems that they actually make their own booze in their gut and get drunk. One person was found with a legally drunk BAC but monitored like 24 hours beforehand to prove they weren't drinking in secret and whatnot. I think they are usually fatties.

SilliestGooseOG

Probably have been the best times like BAC in 08-2010

Affectionate-Idea690

The bank is urging investors to prepare for market downturn this summer. -BAC

empty-bensen

BAC at an all time high and up more than $11 per share since March.

empty-bensen

BAC continuing its Warpath

Amazing_Candidate976

Show me the monumental data that retail is mass buying CLOs and that it means it’s the end-all for them. You say they are mainly bought by institutional investors (which they are), but then say the buyers are retail investors in the TLDR, presumably meaning they are the bag holders. As far as I’m aware CLO ETFs are a retail buyers only prominent access. BAC isn’t slinging CLOs directly to your neighbor and uncle. If this implodes, the market as a whole will just respond negatively and affect everyone regardless. I don’t think retail has any weight in the private credit narrative. I wouldn’t be surprised if this recent push for privates into mass retirement funds like target dates is to preemptively stop some type of bleeding and they can get more inflows to do shady shit with and cushion their regarded choices or cash grab fees.

empty-bensen

BAC generational run since the beginning of June. Correctly being bearish on AI and microchips pays off.

No_Feeling920

Banks like Citi Group (C), BAC only made it back recently (nominally). Utilities like EXC or PCG. If you adjusted for inflation, there would be more. I'm not an encyclopaedia. Try Google.

empty-bensen

BAC going up, just like mine with champagne after buying in below 50.

Base-Case2169

Personally, I opened a large options straddle in BAC expecting a vol spike in either direction. I'm not sure how the market is going to interpret the FOMC remarks, but any deviation from the current rate regime will likely have an outsized impact on the yield curve. As a result, I expect to see that volatility manifest in a material move in the US banking sector. Currently waiting as this market remains relatively calm in the run up to the new fed chair statement.

empty-bensen

BAC has been going on a tear the last two weeks. I guess dooming retail investors and buying up options pays off.

zxc123zxc123

You mean VOO. VT is getting SPCX allocation immediately. S&P500 will wait until it can meet the 1 year profitability requirement. At earliest summer 2027. Meanwhile VOO is heavily concentrated in GOOG/GOOGL/BRK/BAC. GOOG/BAC who bought into SPCX at a way lower price pre-pandemic. BRK who has shares in GOOG/BAC. Then JPM/BLK/GS/MS who will make money off the SPCX ipo. The real winners are those dumping the bags or making money as the middle men.

zxc123zxc123

I'm not going to say he's right all the time but folks think he's still a bear when he's not? Dude used to be a hedge fund guy so he'd be short or neutral. Hedge funds aren't designed with the goal to beat the S&P500 or whatever benchmark. They are designed so rich folks can under perform the S&P500 but sleep better knowing if shit happened they'd have some insurance policy. During the GFC many of those hedge funds didn't pan out. Michael Burry's did. Then MB close his hedge fund and opened Scion capital. It's mostly personally owned so he didn't have to deal with investors or whatever. It's NOT a hedge fund so he's been mostly long but he's still a hedgefund/contrarian guy so he'll opportunistically short. He's made both right calls and wrong calls. I remember I went long TLT when he was short and Buffet was short/neutral. Dude caught the bottom for the China tech. Also made money with the quick in&out on the TSLA short. Dude isn't like Chanos so he doesn't commit to shorts, but he's also not like Buffet so he'll exit longs quickly too. That's why I don't even try to mirror his plays like I do Buffet who I use as a "Berkshire will do the vetting homework for me" (bought BAC a bit lower than Buffet did in 2020. Also started stacking AXP which has turned out pretty great). Twitter MB however is the worse. He'll say sensationalist shit for personal reasons. Either cause he's off-spectrum or because he wants to manipulate the markets. It's even more worthless than looking at his 13F. Folks should realize by now that free investment advice on the internet is worthless if not worth less than that cause if it's worth 2 cents then they'd have charged you that $0.02.

greenpride32

Investment bankers (let's say at shops such as GS JPM MS BAC etc) work on these deals - and then you've got employees at both FOX and ROKU - I'd be shocked if there weren't leaks - and that's why there always are.

ybl84f1

This might be useful information in certain situations - but in other cases it makes no sense. And where it possibly may make sense its simply supportive data - nothing to trade on absolutely. The claim is that "Air Pockets" are price points that were thinly traded and not many people are invested so there's nothing to "grab on to" if say the price is dropping. The theory is that not a lot of people bought the stock at that price so there's less chance of some transaction to occur (e.g. investor selling on the way down before a loss occurs for example). One issue with this theory is that the volume profile is specific to a time period. The "air gaps" and "point of control" of a volume profile for (say) a single day can be (and almost certainly will be) completely different for a time period of (say) 3 days. That same "air gap" that exists in a 1-day profile likely doesn't exist in a 3-day or 30-day profile. In other words it may have been thinly traded in the (arbitrarily) chosen time period but that doesn't necessarily mean a lot of people don't own it at that price band. And no matter what time frame you use - say 30 days, I can always pick a larger time frame that might cause those bands to be completely different. All the same is true for "Point Of Control" also. *"If you look at the Volume profile on NVDA for the past 30 days on any trading tool, you will find that the the stock spent most of the past 30 days inside this band - POC at 217.89"* True. But if you look at TTM the POC is \~$182; if you look at the last 20 days its \~$213. So which one do you chose? It also would seem to be very dependent on the history of the stock price. The TTM volume profile for NVDA is "absolute" in a sense - it has bounced between $140 and $240 for the first time in its existence for the TTM. However the TTM volume profile of BAC tells you nothing because it's low price of \~$43 in that period also happened in July '98! Any "Air Pocket" in the last day, week, month or year is meaningless as you made have had many investors owning it at that "Air Pocket" price point over the last 28 years. So if the stock has previously - and outside of your arbitrarily chosen time frame - been in the price range before, then volume profile doesn't tell you anything. For stocks unique in the price band for the (arbitrarily chosen) timeframe then it may not be useful because of the most obvious reason: investors sell stocks at all different price points for all different reasons - just because there's an "air pocket" doesn't mean there's less likelihood to sell. People intentionally sell stocks at a loss; people sell winning stocks because they need the money now; computers sell stocks going up or down based on quants that can be at any price; people sell stocks that are rising because they think they've found a different stock that will grow *even faster*! And people sell stocks on the way down (in an air gap) before they suffer a loss. The idea that that an "air gap" in purchase volume results in an "air gap" in selling volume is nonsense - people and algorithms sell their stocks at all prices for an infinite number of reasons...which is why the market is non-deterministic and chaotic. Lastly - the market naturally destroys any trading patterns (especially ones posted in public), because as soon as one develops and is exploited that very act of exploitation destroys it. If sellers expected their price to drop even further through an "air gap" and sell for less than they wanted, well then some would chose not to sell at all or wait, and then prices wouldn't fall through the "air gap" and it would cease to exist.

zxc123zxc123

This. I have my splits being S&P500 being the core and Russell 2000 for high beta. Then I have my stocks. I was offered in on the SpaceX IPO but chose not to participate. Not because it's risky, I hate Elon, or I believed SpaceX will fail. Nah, GOOG/GOOG just make up around 30-40% of my portfolio and that has a 5-8% stake in SPCX. Then I also have stakes in BAC. Plus GOOG/GOOGL/BAC are already in the S&P500 so I also have exposure via my index etf.

empty-bensen

Thanks for encouraging me to buy the dip on BAC Warren. They will never make me hate you.

J_da_CPA

Who got shook by BAC lmao

NotMe357

First it was BAC that's bearish on the market today and now Jim Cramer. This week looking good 👍

New-Length5593

BAC says 70% of bear market indicators have been triggered, CALLS.

zxc123zxc123

Well Nasdaq100 isn't getting nothing for it. SpaceX will list on Nasdaq rather than NYSE. Such an arrangement is to be expected during a Trump admin with a lot business quid-pro-quo already going on in Washington. Some in the ETF/LETF community swear by QQQ/TQQQ saying it's just the "better" version of VOO/SSO/PRO akin to how US investors say VOO is just superior "back tested performance" VT. I always felt I'm getting "enough" returns with the VOO and any extra I need I can get from margin, leverage, and/or options. Either way, not my problem since my CHAD-VOO/SSO/GOOG/GOOGL/BAC will be dumping SpaceX onto QQQ-virgins.

LyloMaggins83

Turning $7k in NVDA into $200K today. Also piled as much of my lowly paycheck that I could into BAC in 2009-2011 at $3-$11 per share and still hold today, collecting \~$6K/year in divvies.

zxc123zxc123

VOO/SSO/GOOG/GOOGL/BAC are some of my largest positions. I don't have QQQ since I'm already overweight tech. Instead I have leverage Russell2k. Etrade/MS offered me to join the SpaceX IPO but I didn't sign up. Already go indirect exposure long ago.

FartPolluter

They sold UNH and a ton of positions inc BAC, bought a homebuilder

Spac55

This week Berkshire invested $10 Billion in $GOOG for AI-expansion Berkshire total $GOOG holding~$26.6Bn It reminds by 2018,when $BRK.B push ~$36Bn stake in $AAPL Also $5Bn each stake in $BAC & $GS, when all worry for GFC $5B stake in $UNH Got $TMHC at $6.8Bn Watch $MU $AVGO possibly next

KissMyRichard

AAPL, BAC a few weeks out look good.

DisgrunltedDan

Bank of America (BAC) Tells Investors to ‘Take Profits’ as It Lowers S&P 500 Target

Reasonable_Society74

That's exactly the right test. What the comparison would need to show: if JPM, BAC, and WFC all showed breakdown-level scores in February 2023 alongside SVB, then the signal isn't discriminating - it's just picking up general banking sector stress. If SVB and Signature showed structural deterioration while the large banks stayed stable, that's a different story. Running that comparison — SVB/Signature/First Republic versus JPM/BAC/WFC through early 2023 — is the obvious next test. I'll run it and post the results. If JPM also showed breakdown in that window, I'll say so.

Present-Succotash790

YOLO. Moved a lot recently for BAC

jurassiclarktwo

Price can also be a factor. Any holding with a low price makes it necessary for a lot of shares to trade a high dollar amount. F has a market cap of 70 bn, and is likely in a number of indices. At a price of 17 it takes 6 shares to buy $100. Widely held positions with low prices likely have high volume by number of shares. They may also be popular, I don't know a ton about their prospects, but I remember seeing the same thing about BAC many years ago.

Training_Baker5454

BAC goes down. Call value goes down. BAC goes up. Call value goes down. BAC stays level. Call value goes down.

Cool_Ad_5101

Why?  I mean they are the two best. I’m around 52/48 in my ratio of those two and a little cresco for the hope they become one of the winners. I would hate to pick one and the other one runs.  When banks went to shite in 07-08 I bought a lot of BAC and some JPM and WFC. I am glad I did as I did waaay better on JPM and wells than BAC. Diversification even within a sector is a good thing. In hindsight I wish I did a more even distribution of my bank buys but C’est la vie.  Anyway, you do the strategy that works for you and pick the company that you are most comfortable with. I just wanted to point out that diversification isn’t a bad thing 

King_Chron

The fundamental conflict between marketing claims and biological reality forces a sharp divergence in how criminal courts and private corporations view cannabis breath technology. While companies like Cannabix Technologies pitch their devices as a definitive solution for recent use detection, federal and independent research has repeatedly verified that chronic users can harbor baseline THC concentrations in their breath that mimic active, recent intoxication. This lack of data separation creates entirely different sets of legal and functional realities for judges and corporate executives. In criminal law, a positive breath test from a device measuring a single snapshot of Delta9THC is currently scientifically indefensible due to a lack of baseline distinction and clear impairment metrics. Becausen Delta9THC is highly lipophilic (fat-soluble), daily or medical cannabis users continuously slowly bleed stored THC from fatty tissues back into their circulatory system and lung lining. A pilot study published in the [*Journal of Breath Research*](https://pmc.ncbi.nlm.nih.gov/articles/PMC10201171/) demonstrated that daily cannabis users frequently have active THC present in their breath aerosols despite verified abstinence of 12 to 24 hours. Furthermore, a joint study by the [National Institute of Standards and Technology (NIST)](https://www.nist.gov/news-events/news/2023/05/researchers-analyze-thc-breath-cannabis-smokers) and the University of Colorado Boulder confirmed that the quantitative amount of THC found in a regular user's breath *prior* to consuming cannabis on any given day can be virtually identical to the amount found in their breath *an hour after* active consumption. This led federal researchers to conclude in an official report summarized by [*Marijuana Moment*](https://www.marijuanamoment.net/federal-researchers-claim-first-ever-detection-of-cannabinoids-in-human-breath-after-use-of-marijuana-edibles/) that data does "not support the idea that detecting THC in breath as a single measurement could reliably indicate recent cannabis use." Additionally, unlike alcohol's linear relationship with Blood Alcohol Concentration (BAC), there is zero scientific consensus linking a specific picogram level of breath THC to motor or cognitive impairment, with a comprehensive review in [*Scientific Reports (Nature)*](https://www.nature.com/articles/s41598-021-02137-x) highlighting that no meaningful correlation has been established between impairment and Delta9THC levels in any tested matrix to date. Consequently, a defense attorney can easily introduce reasonable doubt by demonstrating that a positive breath test from a daily user reflects a sober, resting baseline rather than active, recent intoxication at the wheel. Conversely, for private employers managing safety-sensitive jobs like construction, manufacturing, and transport, the technical flaws that ruin a courtroom case are treated as an acceptable risk margin. Employers primarily look to filter out the weekend or occasional consumer, knowing that if an occasional user smokes on a Friday night, their breath clears completely by Saturday morning; a positive test on Monday morning thus provides a reasonable deduction of weekday impairment. While companies accept that this technology unfairly catches chronic or medical users who are not actively impaired, corporate risk management views a "false positive" on a sober but frequent user as a safe compliance buffer. Unlike criminal prosecutors who must prove impairment "beyond a reasonable doubt," employers rely on at-will employment and collective bargaining agreements to enforce internal policies. As outlined in [Cannabix Technologies' own regulatory disclosures](https://cannabixtechnologies.com/site/assets/files/6587/2024_md_a_cannabix_-_final.pdf), companies utilize these tests simply to establish compliance with arbitrary "zero-tolerance" or "clear-headed duty" workplace rules, granting administrative justification to terminate or suspend an employee and shielding the business from workplace liability insurance spikes.

FuckleUp

JPM BAC calls easy $ tomorrow

MitchCurry

Some remedial math indicates SpaceX would be \~2-4% of BAC's MC if SpaceX is at $1.75T MC.

Much_Candle_942

How much SpaceX does BAC hold? It's a very low IV way to indirectly hold SpaceX, I think 

Neccesary

There’s been talks about it for a while but this is the first time they’ve filed for it last week. I think regardless of whether it happens or not BAC should pump leading up to it. I will most likely sell before it actually IPO’s

D3AtHpAcIt0

That’s a funny allocation, good contender for the annual VTI award of miniature holdings. I got a similar one, one singular share of BAC that I bought when I first made my brokerage account. The 30 cent dividends are nice at least

creepy-farter

I bought BAC when it was $4.00. Back in 08. I figured it was “too big to fail” and would rebound when the rest of the banks did. I also bough BA years ago at $41 a share. Figured it’s a duopoly. Nowhere to go but up.

zxc123zxc123

I know an accredited investor who has multiple 7figs. They don't have allocations to those either outside of their VOO/SSO/GOOG/BAC/MSFT shares. Easiest way to get exposure is via GOOG/BAC (SpaceX), MSFT/AMZN/NVDA/9984 (OpenAI), and CRM/ZM (Anthropic). Then if you own VOO/SSO/UPRO or QQQs which owns many of these companies then you'll have some indirect exposure to these companies by proxy as well. Alternatively there are a few etfs that let you get exposure by proxy too.

Neccesary

JP Morgan and Bank of America are the largest private holders of space x currently… I’ve loaded up on calls for BAC

Cav829

Finance has 3 things working against it right now: 1) fear of who is exposed to the private credit ticking timebomb 2) lack of any real moat for FinTech and 3) the fact finance is quite possibly the worst performing sector in any extended bear market. If you bought at the height of the .com era, even a quality bank like JP Morgan didn't return your money for 15 years. If you're going into finance stocks right now IMO, you have to be convinced everyone is very wrong that we're in a late market cycle, or it's just not worth the risk. Just my two cents. Like if you look at Berkshire, they have been dumping their BAC stock pretty heavily. They actually dropped it from their "hold forever" list.

greenpride32

If you look at chart for BAC (not a CBRS IPO underwriter) you will see their chart looks the same. It was just a dip in the financial sector market, followed by a recovery. Also over allotments option is fairly common in any IPO. The underwriters don't keep the shares, they go to IPO particpants/buyers. The underwriters make money from the IPO by taking a percentage of the proceeds. Not every IPO goes up in value even on the first day. But the underwriter still did their work and would get paid in any case. They profit by getting the IPO offering price higher, not the aftermarket.

Training_Baker5454

Did the CEO of BAC just get murdered?

Dihydrogen-monoxyde

Wanna join my club? Everytime I am looking at $SNDK, $MU $AMD, $INTC, $NVDA $AAPL I am nauseous. Good new, I am still holding $BAC since 2011....

Keiigo

BAC is such a dog stock

Naive_Bat8216

I had 5000 shares at 20 and sold. I also had about 10k shares of BAC back in 2008 when it was 5 bucks. I also had 3000 shares of marvel at 80 per share and sold. I'd be a millionaire if I didn't sell so much. 

Schmergenheimer

The way you phrased your question and other comment tells me that Etrade is saving you from yourself. Naked shorting a stock offers a fixed potential return but unlimited potential loss. On something like DAL, BAC, or MO that are very established companies, the likelihood that they go up by 50% in a couple of days is very low. On a penny stock, it's much more likely. When it does happen, if you don't have enough cash or other marginable securities, you'll be subject to a margin call, and the amount could be a lot. When shorting a stock with a higher price, you could short it hoping it drops 5% and still make a decent amount of money. With a penny stock, it might have to lose 50% of its value to get the same dollar per share return. That said, with a penny stock, you could see that kind of swing (in or against your favor) from a Facebook post, which isn't something you'd see on more established stocks. There's also the fact that Etrade has to find shares for you to short. This means they need a customer who has a long position and has signed a lending agreement. Etrade needs to pay them the going interest rate for the stock, which can be 30% or 60% on a penny stock (compared with 2% on something like SPY). You'll be paying that interest. You'll also be responsible for covering any dividends that happen while your short position is open. If Etrade has no customers who are long the shares, the can't let you short them. The reality for most retail traders is that naked shorting is too much risk with too little reward. Unless you have non-public information to trade on, your ability to time a short properly is going to be overshadowed by all of the institutions doing the same. Your best way to bet on a stock going down is to buy puts.

AuthorAdamOConnell

No, for a tech company it's dog shit. Tech companies get higher P/E multiples because you're pricing in rapid growth. It's why BAC makes a $100B in revenue and yet only is priced at a P/E of about 13 - it's YoY is 8%. When you buy shares in BB you're effectively paying over the odds for a typical bank stock, but a really shitty bank with terrible margins which has managed to lose about $1B over the last five years.

Schmergenheimer

Needless to say I was pretty happy with my decision to use that one to pay bills rather than my BAC or FXAIX

zxc123zxc123

Should have just gone with solid financials like BLK/AXP/BAC. But at least it's not full regarded like MSTR/PYPL/dogecoin