Bank of America Corporation (BAC-P) News

Wells Fargo revenue and EPS dropped. Income is 12% lower than prior year (16% drop when adjusting for inflation).
JPM net income was down 2% prior to inflation (6% drop w/ inflation).
BAC net income 12% lower than prior year’s quarter (16% drop w/ inflation).
Defaults and bankruptcies are up!! Most companies reporting lower net income than prior year even while the government is injecting $2.5 trillion per year (policy is both unsustainable and insufficient)

https://justdario.com/2024/10/today-everything-will-be-awesome-for-bank-of-america/

BAC 10 Q due October 15

Amen! I agree and BLK, VOO, DB JPM and BAC will all fall with the fake Bitcoin going to zero. Scriptures aren't being taken for what it's worth and in the end, it will be the meek that inherit the Earth with Globalists powerless. All in his grip.

Unfortunately, the vast majority of the public (sheep) are hopelessly invested in the propaganda they've been told, that even when presented with hard data they refuse to believe anything that goes against the narrative. It's like a religion and questioning anything is somehow sacrilegious.

People will never believe anyone telling them the economic crash is coming, until it's over. All these people sitting on fake profits from the Mag 7 are about to realize they were fooled, and it's never... different this time. In my opinion right after the election everything crashes, unless a black swan event occurs before that. Wealth transfer will happen soon.

2 Timothy 4:3 says, "For the time will come when people will not listen to sound doctrine, but instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. They will reject the truth."

It over! The Numbers Don’t Lie

Bank of America’s recent financial performance paints a grim picture. The final quarter of the previous year revealed a startling drop in earnings. The bank’s net income nosedived over 50% to $3.1 billion, compared to $7.1 billion a year earlier. While some may brush this off as a rough patch, the numbers speak volumes about deeper issues. Revenue, too, took a hit, falling to $22.1 billion against the expected $23.74 billion. This isn’t just missing the mark; it’s a financial red flag waving in the face of investors and analysts alike.

https://www.msn.com/en-us/money/news/bank-of-america-could-collapse-in-2024-take-a-look/ar-AA1mSNuw



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Watch the Banks pumping manipulation really take off.

Berkshire Hathaway's $BAC holdings fall below the 10% disclosure threshold.

*Now the real dumping begins... 0% next!

And then many people still wonder why Warren Buffett is dumping such a mess of a bank @DarioCpx😓

@DarioCpx
🚨BREAKING: Warren Buffett sells ~9.5m shares of $BAC and now $BRK.A ownership in the bank is below 10% - from now on Warren Buffett can continue selling $BAC shares WITHOUT BEING REQUIRED TO PROMPTLY REPORT IT

Narrator: guess what happens next?

Warren Buffett $BRK.A sells another ~8m $BAC shares and is now ~12m $BAC shares away from falling below 10% ownership after which he will not be required to report these sales promptly anymore

BoA Credit Default swaps going up as well.... On this innocent little IT issue. 🙃

Bank of America Outage: Customers report widespread outage and zero balances, but their debt balances still showed.

https://www.cnn.com/2024/10/02/business/bank-of-america-outage/index.html

So, they could send money in, but not take it out?

Banks = Vampires

He knows it's over with SEC turning a blind eye at cooking the books and fluff magic with Finra and DTCC Fraud.

Warren Buffett throws another ~11.5m BAC shares back in the market cashing out another half a billion

Warren is now ~20m $BAC shares away from falling below 10% ownership and not being required to report these sales promptly anymore

Guess what comes next

Buffett Dumps More BofA Shares As Stake Nears Key 10% Non-Reporting Level:

https://www.zerohedge.com/markets/buffett-dumps-more-bofa-shares-stake-nears-key-10-non-reporting-level

Warren Buffett dumps another 21.5m shares of $BAC today

Now BRK.A is ~30m shares from falling below 10% ownership of BAC, after which we will only know further sales update every 3 months in the 13F filing - Watch out for that 👀

It's a full blown panic and getting worse.

Whooofff Ha Ha Ha ! Told ya BOA got some things crumbling. Look out below. It's Friday... lol you won't know what happened untill Tuesday Ha ha ha !

if Buffett sells ~50M more shares he will go below the 10% ownership threshold of $BAC. At that point he will no longer be required to file promptly disclosures anymore.

In other words, once he goes below 10% he will be able to dump $BAC shares at a faster pace but we will only know the information with a big delay into the next 13-F filing!

Buffet continues dumping shares as fast as he can:

BAC leads with 90 branch closures for 2024.

US banks have closed more than 50 branches in just two weeks, as the march towards online banking continues to decimate local services. Wells Fargo, Chase, and Fulton were among the banks who closed locations between August 19 and September 7.

That is the proven track record aye?

BOA board members & se staff are in a full all out panic. They see the writting on the wall is way to close now to not panic.

Warren Buffett dumps another ~$230m of BAC shares. $BRK.A is close to falling below the 10% ownership of $BAC after which we will have to wait for the quarterly 13F for updates on Warren’s dumpathon

https://www.zerohedge.com/markets/warren-buffetts-bofa-dump-thon-nears-7-billion-questions-swirl-why

These big banks owe everyone is America money. They were bailed out with your tax dollars, then turn around hit you with exorbitant rates, penalties and fees, then further gamble with "your money". These banks will be the ones foreclosing on Americans mortgages while they get bailed out w/ your money. Not to mention being party to the devaluing of everyone's fiat currency (US Dollar worthless).

Moral Hazard:

@SuburbanDrone
BofA came out this morning and said that a soft payroll report is the biggest threat to Tech stocks:
https://finance.yahoo.com/news/bofa-hartnett-says-us-semiconductor-100929983.html

Which is interesting because just a few days ago they said that a strong jobs report is the biggest threat to stocks:
https://aol.com/stock-markets-biggest-risk-week-193425153.html

For bulls, all bases are covered.

lol. Buffet can't get rid of the stock fast enough.

LOL!

Buffett continues dumping even more with $760m just sold bringing the total to $7bn

There is more coming. Not about what i will put here but there definitely will be more surprises coming. I have some serious dirt on one of the VP's . Have not released anything yet but lol the threats from him are bit thick. Now I find out he has said I'm not allowed to travel where I please into the Caribbean . He threaten me over text message before I still have the evidence lol! Ha ha ha! What an Idiot! Caught his lawyer dead cold putting false information on a legal instrument & filing it with the County Clerk. My attorney got his attorney to fold fast by dropping my name from the caseload when my informationwas presented to the open court . At that point his attorney told the Judge to drop my name lff the paperwork & that she would no longer be with the firm and walked out. Ha ha ha Bank of America. Yeah those power brokers will stop at noting to get thier way.

Is This Why Warren Buffett Dumped Billions Worth Of Bank Of America Stock?

https://www.zerohedge.com/markets/why-warren-buffett-dumps-billions-worth-bank-america-stock
Or perhaps the 94-year-old billionaire has increased cash reserves to record levels because of elevated stock valuations amid the artificial intelligence bubble.

The only reason stock price has held is because BAC is doing a $25B buyback same time Buffet is dumping shares. -Being propped up

https://newsroom.bankofamerica.com/content/newsroom/press-releases/2024/07/bank-of-america-increases-common-stock-dividend-8--to--0-26-per-.html

Warren Buffet dumps yet another ~$850m worth of BAC shares

BAC Insiders following Warren's lead. Bernard Mensah-President of BACs International Unit just dumped half his shares. I wouldn't be surprised to see him, and the others, dump all the rest of their shares any day now... Meanwhile, they continue to pump while they dump to naive retail. Playing out just like in the movie Margin Call.

What these unscrupulous elitest are doing to the small investor is absolutely disgraceful. And the blind Herd is falling for it.

Bank of America, JP Morgan, and Goldman Sachs were rumored to be insolvent, along with other large banks. Though, these Deep State Cabal’s banks, along with Central Banks across the Globe, have been taken over by the Global Military Alliance.

The Capitalist Elite are now pumping the living hell out of what's left before a massive bank run and crypto crash.

BREAKING: Warren Buffett sold another $981 million in Bank of America shares.

@GeneralMCNews

Expecting red on Monday. Several banks exposed.

https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f

Exactly, Central Banks are finished or soon will be. They can't keep cooking the books to stay alive. Rothschild's are finished.

Edmond de Rothschild's private banking CEO quietly leaves post

Morningstar's Tricia Rothschild resigning after 26 years

Farewell, Jacob Rothschild - Financial Times

Rothschild owners' bid to delist company crosses 90% threshold

Rothschild resigns from Bumi plc board - Financial Times

Richard Rothschild resigns from Carroll County Republican Central .

I could go on and..on and on. The Central Banking collapse is here.

Market capitalization, wonder $100 speculating

Briefly describe

Briefly describe

A while back few dollars , nice run and then back to $25

https://www.ft.com/content/de751907-c870-4b8c-b86b-317483f7626f Expecting red on Monday. Several banks exposed

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle
https://www.usatoday.com/story/money/2024/08/07/major-banks-under-investigation-zelle-transactions/74704325007/

Boring

Bank of America $BAC forecasts a bullish trend for silver, anticipating an increase in prices throuh the latter half of 2024 into 2025. BOFA analysts project #silver prices to average $35/oz by 2026
$SLV

BAC new 52 week high

Banks shutting down. Banks closed down 539 local branches across the country in the first half of the year and will continue, meaning 1,000's of local branches in malls, towns and town city centers. Bank of America closed the most branches, a total of 90 in just 6 months. Wells Fargo shut down 62 Banks. Chase shut down 53 Banks. TD Bank shut down 52 Banks.

Sat. 13 of July 2024: Emergency Alert: The rapid collapse of America's Bank Branches: Wells Fargo Branch shutdown, Chase Bank closures and TD Bank reductions - Bank closures 2024. Bank of America closed the most branches for a total of 90 in just six months.

BAC 10Q due JULY16

Pretty 52w high------ I bought shares when the FRC/SVB disaster was hot. No magic.

Bank of America remains bullish on silver, sees $35 an ounce by 2026 $BAC