AdamB1978’s Activity

Wed Jul 16

NL

Boards Post

AdamB1978 replied to the Bank of America board. 12:21 PM

Re: Q2 results

"historical P/E around 8-9" - where do you get that from?!?!?

Historical PE for BAC is nearer 15x and the S&P is also trading around 15x....however given whats happened to the banking sector over the past couple yeras and now [more]

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Boards Post

AdamB1978 posted to the Bank of America board. 9:48 AM

Q2 results

Unexciting but still on course for EPS to move up to $2 in the next couple years. Back of the envelope numbers:

- Non interest income is currently about $12bn based on the average figures from the last few quarters
- Net interest income [more]

Thu May 22

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Boards Post

AdamB1978 replied to the Bank of America board. 10:26 AM

Re: Bank of America's Management must GO!

For most sectors I would agree that book value is meaningless. For banks, its very meaningful because the value which they can generate from lending etc is directly linked to the assets which they have

Wed May 7

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Boards Post

AdamB1978 replied to the Bank of America board. 2:42 AM

Re: Bank of America's Management must GO!

There is not a chance this will go to $11. That's a drop of 30%+! Whats going to cause that?!? The fundamentals will win out in the end as earnings continue to grow

Thu May 1

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Boards Post

AdamB1978 replied to the Bank of America board. 10:26 AM

Re: Bank of America's Management must GO!

An appropriate, fair, multiple for bank of America is in the 8 to 10X range. If the company actually achieves earnings per share of $1.90 in 2016 then the shares in 2015-2016 could reach around $19 per share, at best.

Dont agree with [more]

Wed Apr 30

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Boards Post

AdamB1978 replied to the Bank of America board. 4:33 AM

Re: Bank of America's Management must GO!

mtr - suggest you read the press release properly before firing the auditors:

"The reduction in the regulatory capital amounts and ratios has no impact on the company’s historical consolidated financial statements or shareholders’ [more]

Wed Apr 16

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Boards Post

AdamB1978 posted to the Bank of America board. 10:08 AM

Q1 2014 results

Mr Market doesnt particuarly like them....

THe large litigation charge was well flagged and they seem to have taken the opportunity to properly ruin the results by increasing reserves at the same time!

Important thing for me though [more]

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One star, 50 posts
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Very First Post Using your crystal ball... (4/4/2011)
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