$15.76
0.11 (+0.70%)
Bank of America Corp (BAC)
CAPS Rating:
The Company through its subsidiaries, provide banking & nonbanking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate & Investment Banking & Global Wealth & Investment Management.
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I'm jumping into some financials. I'm not ready to officially put out a press release (would anyone read a press release I put out? Where would I put it anyway?) that they've bottomed out. In fact, I think there is still more to come, but, I do think the end is near. I'd rather get on the plane and wait to have the runway cleared for takeoff than chase after the plane as it is racing down the runway. (Reference Jim Carrey in Liar Liar on the motor-stairway, granted, it worked for him...)
I think BAC is in a specific place to do well as things turn. I think they will profit from a wave of refinances and the deal they worked with Countrywide.