Bank of America Corporation (BAC)

Bank of America Corporation

(Public, NYSE:BAC)

Sector: Financial Industry: Money Center Banks

Last Updated: 

• December 14th, 2008

Current opinion: 

• Bearish short and medium term
• Bullish long term

Bullish Arguments: 

• Common share's dividend

Bearish Arguments:

• (Dec.14.08) Bank of America is looking into selling its stake in the Chinese Construction Bank. Not long ago they were buying more shares and that was seen not only as a sign of strength in their balance sheet but also as continuous investment in the hot Chinese market. Selling their stake at a steep discount now points at further weakness in their balance sheet. Reuter's article: RPT-Bank of America to sell China Construction Bank shrs -report. Forbes article: Bank of America to sell China Construction Bank shrs -report
• Weakness in the Sector and Industry

Current Analysis: 

• Currently None

Current Relevant Articles: 

• Currently None

Industry view:

• Money Center Banks

More information about the company: 

• Google Finance

Company website:

https://www.bankofamerica.com/ 
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