Bank of America reports Monday (10/20)
Source: http://thestockmasters.com/BAC-101708.HTMLPosted on Friday, October 17th, 2008 | In Market Commentary
Bank of America (NYSE:BAC) reports on Monday and with all the recent activity, do you run, or do you hide?
The analyst upgrades have been flying in this past two weeks and the expecations are high:
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Another big piece of news came in this week, federal antitrust regulators cleared Bank of America’s (BAC) $34.9 billion purchase of Merrill Lynch (MER). Then of course there’s the plan that the U.S. Government is going to save the Banking Industry. If BofA is going to pull of an earnings call that gets the backing of the Street, then in the coming 12 months, you should have plenty of time to get in on the stock to enjoy a recovery. However if you take the risk before Monday, you stand the chance of being a victim of Wall Street’s erratic behavior. Until I hear everything on the call, I’d rather wait in the wings then lose more money. Hang in there America. |
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America, Bank Of America, Market Commentary, Merrill Lynch, Robert W. Baird, Us Government, USD, wall street
 About Ted Gottsegen (http://thestockmasters.com)
Ted's investments in the stock market and real estate have allowed him to pursue his true calling in life, Music. Ted is now a full time musician thanks to his investments and a part-time StockMaster providing his knowledge of making the right decisions and trend spotting in the stock market. Ted is also an accomplished writer and provides his editing skills to all of the StockMaster publications. |
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