One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
BAC has been beaten up due to problems in the housing market, which I believe is already factored into the price. What is forgotten is they bought the largest mortgage writer in the country for 10 cents on the dollar. Whenver the mortgage volume returns to a pre bubble (normal) level, BAC will have a huge stream of income not currently reflected in the value of the stock. Mortgage volume is at a standstill and earnings are only down 26% (3.30 in 07 to 2.45 in 08) where as the Stock Price is down 40% 52.96 to 32.25 as of 8/8/08)