Author Topic: BAC-WT - Bank of America Warrants  (Read 2302014 times)

RuleNumberOne

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Re: BAC-WT - Bank of America Warrants
« Reply #7440 on: August 08, 2019, 10:05:26 AM »
The ECB stayed silent about the understated big losses and bad loans at Monte Paschi before they tried to raise capital. But European bank investors got their information anyway and Monte Paschi could not raise capital.

I think DB may be having the same problem - Eurozone regulators have zero credibility with investors.

https://www.bloomberg.com/graphics/2019-opinion-monte-paschi/

"Disposing of the loans would have produced a huge loss, and Monte Paschi began asking investors for yet more money to stanch the bleeding. Although the bank disclosed the ECBs request to investors, neither it nor the ECB revealed the full scope of the firms challenges."
« Last Edit: August 08, 2019, 10:08:02 AM by RuleNumberOne »


fareastwarriors

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Re: BAC-WT - Bank of America Warrants
« Reply #7441 on: October 15, 2019, 03:26:51 PM »
Warren Buffett Seeks Fed Leeway to Boost Stake in Bank of America Past 10%


https://finance.yahoo.com/news/warren-buffett-seeks-fed-leeway-162716126.html

John Hjorth

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Re: BAC-WT - Bank of America Warrants
« Reply #7442 on: October 17, 2019, 11:54:59 AM »
Pretty much no talk about the Big 4 US banks here on CoBF the last few days after the 2019Q3 Quarterly Earnings Releases.

[I post in the BAC topic here, as a "cross-over post", as an over-all & general coverage of them all, because BAC seems here on CoBF to have the best traction with regard to posting frequency from the CoBF members.]

My overall perception is [I haven't yet spent that much time looking in depth on the numbers though], that they are all still doing quite well, despite several kinds of US & global "muddy waters" & headwinds on net interest income.

I see slight increases in loan loss provisions.

There is an one-time litigation provision dent in 2019Q3 for WFC, which could be expected with the new WFC CEO at the steering wheel.

The same seems visible for BAC in the income statement item called "Other non-interest operating expenses" that has peaked in 2019Q3. I found this in BAC 2019Q3 Earnings Release, p. 6, section "All other" :

Quote
... Noninterest expense included $2.1 billion pretax impairment charge related to the notice of termination of the merchant services joint venture at the conclusion of its current term as well as higher legacy mortgage-related litigation expense. ...
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Junto

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Re: BAC-WT - Bank of America Warrants
« Reply #7443 on: March 05, 2020, 03:27:48 PM »
The bloodletting on this one has gotten excessive. There is a lot of opportunity in an organization like Bank of America at these levels. Yes margins will get compressed but that depends on your outlook of a flu like virus driving an entire us economy to a halt. so far there are 99 cases in the U.S.https://www.cdc.gov/coronavirus/2019-ncov/cases-in-us.html 

I get there are concerns. I just don't believe that this virus has the potentially to significantly damage the us economy for more than a quarter or two. Even at that, it will be limited and supply side difficulties versus actual issues.

Spekulatius

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Re: BAC-WT - Bank of America Warrants
« Reply #7444 on: March 05, 2020, 03:47:51 PM »
The bloodletting on this one has gotten excessive. There is a lot of opportunity in an organization like Bank of America at these levels. Yes margins will get compressed but that depends on your outlook of a flu like virus driving an entire us economy to a halt. so far there are 99 cases in the U.S.https://www.cdc.gov/coronavirus/2019-ncov/cases-in-us.html 

I get there are concerns. I just don't believe that this virus has the potentially to significantly damage the us economy for more than a quarter or two. Even at that, it will be limited and supply side difficulties versus actual issues.

The Coronavirus will go away, but the low interest rates are going here to stay, they are like crack, once you are on the drug, its hard to wean off.
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Gregmal

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Re: BAC-WT - Bank of America Warrants
« Reply #7445 on: March 05, 2020, 03:54:44 PM »
TBTF bank investing is soooo 2012...

They all seem to have similar challenges. If you like banks why not just go with JPM or buy BRK for the exposure and management.

Mephistopheles

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Re: BAC-WT - Bank of America Warrants
« Reply #7446 on: March 05, 2020, 04:26:40 PM »
TBTF bank investing is soooo 2012...

They all seem to have similar challenges. If you like banks why not just go with JPM or buy BRK for the exposure and management.

Why JPM and not BAC?

Gregmal

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Re: BAC-WT - Bank of America Warrants
« Reply #7447 on: March 05, 2020, 04:48:36 PM »
TBTF bank investing is soooo 2012...

They all seem to have similar challenges. If you like banks why not just go with JPM or buy BRK for the exposure and management.

Why JPM and not BAC?

Just my opinion, but Jamie Dimon is on another level. A total man's man, a leader's leader. The gold standard. Hope he recovers from the heart surgery. Would be impossible to replace.

Spekulatius

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Re: BAC-WT - Bank of America Warrants
« Reply #7448 on: March 05, 2020, 05:57:48 PM »
TBTF bank investing is soooo 2012...

They all seem to have similar challenges. If you like banks why not just go with JPM or buy BRK for the exposure and management.

JPM is probably a sell now too. I think Jamie is gone unless he want to die at his desk. With such a larger than life figure running the outfit, the bench behind it is often not as deep than assumed. And those that are not picked as a successor, will go elsewhere.
Life is too short for cheap beer and wine.

Mephistopheles

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Re: BAC-WT - Bank of America Warrants
« Reply #7449 on: March 05, 2020, 06:52:43 PM »
TBTF bank investing is soooo 2012...

They all seem to have similar challenges. If you like banks why not just go with JPM or buy BRK for the exposure and management.

Why JPM and not BAC?

Just my opinion, but Jamie Dimon is on another level. A total man's man, a leader's leader. The gold standard. Hope he recovers from the heart surgery. Would be impossible to replace.

Agree with everything regarding Dimon but I think Moynihan is underrated because he lacks the charisma and aura, frankly he's kind of boring in his interviews. But I think a boring banker is a good thing. I think both men are great.