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BofA not in danger of failure: Analyst Bove
Reuters ^
| 2009-02-06
Posted on 02/06/2009 2:31:07 PM PST by rabscuttle385
Veteran banking analyst Richard Bove said Bank of America Corp (BAC.N) is not in danger of failure as the U.S. government is committed to keeping it in business, theflyonthewall.com reported Friday.
Shares of the bank rose 10 percent to $5.32 in trading before the bell, after reports that Ladenburg Thalmann's Bove thought the stock was a "strong buy" on cash flow and asset value basis.
Reuters could not immediately verify the report.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Government; US: California; US: North Carolina
KEYWORDS: bailout; banking; bofa; financialcrisis; panicof2009
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To: PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
*Ping!*
2
posted on
02/06/2009 2:31:33 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
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The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations."
—Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list:
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3
posted on
02/06/2009 2:31:50 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
These financial analysts are always right. They are Very Knowledgable.
4
posted on
02/06/2009 2:38:50 PM PST
by
FFranco
To: rabscuttle385
Forget the banks...worry about the DOLLAR!
5
posted on
02/06/2009 2:45:00 PM PST
by
Trod Upon
(The Left killed my country.)
To: rabscuttle385
BofA not in danger of failure And I have an IQ of 180, can walk on water, and don't need food to live.
6
posted on
02/06/2009 2:45:00 PM PST
by
politicket
(Barack Obama - "Chains we can believe in")
To: politicket
7
posted on
02/06/2009 2:47:56 PM PST
by
1010RD
(First Do No Harm)
To: rabscuttle385
Here is the pic of the BofA spokesman.
8
posted on
02/06/2009 2:50:22 PM PST
by
dfwgator
(1996 2006 2008 - Good Things Come in Threes)
To: rabscuttle385
Bank of America Corp (BAC.N) is not in danger of failure as the U.S. government is committed to keeping it in business Uhh, I don't think that mean they are not in danger of failure. I think that means that failure is imminent.
To: politicket
Why does that sound suspiciously like “Nominee XXXXX XXXX has my support and I expect that he will be appointed shortly”...
To: rabscuttle385
There is a reason they had to make this statement,,,,
Run for your money!!!
11
posted on
02/06/2009 3:48:54 PM PST
by
ßuddaßudd
(7 days - 7 ways Guero >>> with a floating, shifting, ever changing persona....)
To: rabscuttle385
BofA not in danger of failure No, but I closed my account there, as did many others.
12
posted on
02/06/2009 3:49:32 PM PST
by
MathDoc
(If there ever was a time that Obama looked like an amateur, itÂ’s right now.)
To: Dan Cooper
I checked the web for insider trading. Several of them are buying large blocks stock in BAC
13
posted on
02/06/2009 3:51:54 PM PST
by
ThomasThomas
( Accept it, there is no except after in math.)
To: ThomasThomas
I checked the web for insider trading. Several of them are buying large blocks stock in BAC Sure, now that they are assured that Federal money will keep them afloat. My point is that, if it weren't for that assurance, they would be in trouble, so it is disingenuous to say they are "not in danger of failure". They wouldn't need the money otherwise.
To: ThomasThomas
I guess it is a new metric of bank solvency, if the Feds can’t bail you out, then you’re insolvent, otherwise, everything is great!
To: rabscuttle385
ya as long as the feds keep pouring money down this rat hole.
Look at the balance sheet!!
INSOLVENT!!
16
posted on
02/06/2009 6:45:35 PM PST
by
genghis
To: rabscuttle385
Fascism: the tenets of a centralized totalitarian and nationalistic government that strictly controls finance, industry, and commerce
To: rabscuttle385
Veteran banking analyst Richard Bove said Bank of America Corp (BAC.N) is not in danger of failure....
"Washinton Mutual is well funded"
Yeppers, the WAMUQ in my IRA is up to $0.033 today!
I gotta admit I was elated that today's news stated they had $4.5 billion in cash as of New Years Eve.
18
posted on
02/06/2009 7:42:50 PM PST
by
4woodenboats
(Biden predicted a disaster would happen when Omyazz got elected. He meant DAILY disasters.)
To: rabscuttle385
19
posted on
02/06/2009 9:03:42 PM PST
by
PghBaldy
(Obama showing off his crotch: http://www.liveleak.com/view?i=550_1210277599)
To: rabscuttle385
This Bove has an awful awful track record on banks
20
posted on
02/07/2009 3:14:51 AM PST
by
dennisw
(Archimedes--- Give me a place to stand, and I will move the Earth)
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