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Started By
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Bank Of America
Posted on 10/21/16 at 1:10 pm
Posted on 10/21/16 at 1:10 pm
Does anyone hold a good bit of BAC? I was thinking of jumping in for the long haul.
All the charts I looked at show banks being one of the only sectors to benefit from rates rising.
I'm pretty green at this so set me straight if I'm way off.
All the charts I looked at show banks being one of the only sectors to benefit from rates rising.
I'm pretty green at this so set me straight if I'm way off.
2
Posted on 10/21/16 at 1:14 pm to ragacamps
quote:I don't know if you consider it a 'good bit' or not but I own 5,000 shares. I've ridden it up from about $13 to where it is today.
Bank Of America
Does anyone hold a good bit of BAC?
Posted on 10/21/16 at 7:55 pm to LSURussian
I've got some.It tanked after I purchased.
Has been hovering around 16 for about the last five years.
Has been hovering around 16 for about the last five years.
This post was edited on 10/21/16 at 8:03 pm
Posted on 10/21/16 at 8:20 pm to ItzMe1972
They just increased their dividend by 50% I believe. Curious, why does the financial sector trade at such low valuations compared to the overall market?
Posted on 10/21/16 at 8:52 pm to Grits N Shrimp
quote:
re: Bank Of AmericaPosted on 10/21/16 at 8:20 pm to ItzMe1972 They just increased their dividend by 50% I believe. Curious, why does the financial sector trade at such low valuations compared to the overall market?
I would like to know this as well.
Last I checked BAC was around .68 price to book. But the sector average was right around 1. So all in all the entire sector trades right at or just below book value.
I was also looking at air lease (AL) which is trading below book and the industry average, while be it a small industry, is way higher.
Posted on 10/23/16 at 2:23 pm to ragacamps
I don't own many shares but made a one time "buy and hold" investment at $15.48 which is finally starting to look like a good one.
This stock seems to react best to talk of higher interest rates.
This stock seems to react best to talk of higher interest rates.
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