AdamB1978’s Activity

Thu Aug 21

NL

Boards Post

AdamB1978 posted to the Bank of America board. 9:26 AM

$16.65bn

Announced at last:

http://investor.bankofamerica.com/phoenix.zhtml?c=71595&...

So this [more]

Thu Aug 7

NL

Boards Post

AdamB1978 replied to the Bank of America board. 4:20 AM

Re: WE ARE ALMOST THERE!

Agree with you Phoinix - the timing between teh agreement with the Justice Department and getting the ok from teh Fed are far too close to be a coincidence.

Key point is that the vast, vast majority of payments to third parties for [more]

Wed Aug 6

NL

Boards Post

AdamB1978 replied to the Bank of America board. 3:25 PM

Re: AT LAST....GOOD NEWS!

Agree. Yield is only 1.3% however the signal is the most important thing. It shows that one of the fiercest judges of banks, the Feds, is happy with the health of BAC's balance sheet. So you can add the Fed to the company themself, their auditors, [more]

Thu Jul 31

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Boards Post

AdamB1978 replied to the Bank of America board. 6:44 AM

Re: AND GOES ON AND ON!

Phoinix - the key point about this though from a financial perspective is something which we dont know ie how much they have already provided for against this. Regardless, its relatively small for BAC and good that they keep cleaning the rubbish [more]

Wed Jul 16

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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]

NL

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

NL

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

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