Bank of America Corp (PK) (BACRP) News

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

So many banks going to get hit with all these bankruptcies getting ready to take place. Some will be Chapter 13s and 11s, but there will be a few 7's involved also. Not buying any bank stocks yet until everything is cleared up.

Well Im hanging around for a while longer ,as I said back when “I believe there is still more room to climb IMHO. but hey it’s ur $$$ and ur DD.that counts
Yesterday’s free fall in the markets IMHO. was a leveling agent hehehe

GLTA-Ts

Now it's time to pay the piper.😁

What is happening with BAC will be happening with many financial institutions, IMHO. So many loans and credit out there that these institutions will be hammered with them, with many people filing for bankruptcy because the cannot make the required payments. There are even many companies filing for bankruptcy even now. Just my observations over the past few years since new Presidency and the policies implemented.

~bought 4/19 $33 puts .05c

BAC 10Q due 4/16

Gonna hold awhile longer ,I believe there more IMHO
Do ur own DD.

GLTA-Ts 😉

Billion? Goodness

SM. Fake News .

WRONG . You are false !

GOOD GOD!!!!! GLOBAL COLLASPE HAS STARTED!!!!!! PIG TURDS FALLING EVERYWHERE!!!!! MARKET 14K!!!!!!!!!!!!!!!!!!!!! CRASH ALERT!!! MUA HA HA HA HA HA!!!!!!!!!!!!!!!!!!!!

THE GREATEST WORLD COLLASPE IS HERE!!!!! CHINA'S MARKET WILL BRING THE WORLD TO IT FN KNEES!!!!!!!!ITS OVER!!!!! MU HA HA MU HA HA HA!!!!!!

I lost 2.5 billion dollars in BAC in 2008 financial meltdown.. stock dropped from about 57 dollars to about 2.97... I had tons of put options on this POS, and I could not get out in time.. both citigroup and BAC went against my portfolio and killed it...Ken Lewis was rewarded over 400 million dollars to relinquish the job of CEO, and took on the position of BOD chairman...I got nothing from the class action suit later on from BAC, but did get 6500 dollars from the citi class action lawsuit...my claim in the class action lawsuit against BAC was so large with stock and option losses, the lawyers denied my claim......................... they thought it was fraudulent S.O.B.'s..... Lodas

Bank of “The Taxpayers” (America)

I’ll never forget how we taxpayers had to bail this pseudo bank out of its stupidity in home loans. Government control makes it worse.

Can it see 10 dollars by then?

Hello friends. BAC 2024!

Gold remains an attractive long-term asset as short-term pessimism remains elevated - NDR's Tim Hayes $BAC

Goldman Sachs raises 12-month gold price target to $2,050 as precious metals such as Silver, Platinum and Rhodium metals soar. $BAC

Flippers paradise

Bank of America's unrealized losses on securities rose to $131.6 billion

https://ca.finance.yahoo.com/news/bank-americas-unrealized-losses-securities-123958239.html