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Old 07-21-2008, 07:09 AM   #1
DateDoc
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Bank of America Net Income Drops 41%

But shares are up 12%

Quote:
Bank of America Corp., joining the ranks of other U.S. banking giants, posted a decline in second-quarter profit that nonetheless topped Wall Street estimates, and investors lifted its shares 12%, to $30.92.
http://www.marketwatch.com/news/stor...=TQP_Mod_mktwN
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Old 07-21-2008, 07:10 AM   #2
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wow! That was awesome great!
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Old 07-21-2008, 07:12 AM   #3
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11% actually
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Old 07-21-2008, 07:14 AM   #4
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so the steet, must think that they are a bargain.
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Old 07-21-2008, 07:19 AM   #5
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Quote:
Originally Posted by SCORE-Cash View Post
so the steet, must think that they are a bargain.
Yeah everyone thought it was going to be way worse and the stock was already priced for the huge dip
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Old 07-21-2008, 07:21 AM   #6
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I dont trust that bank at all.
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Old 07-21-2008, 07:32 AM   #7
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When compared to how other financial stocks have been performing lately, that drop in NI is really not that bad.
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Old 07-21-2008, 07:58 AM   #8
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Damn tube sites.
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Old 07-21-2008, 08:35 AM   #9
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The sky is... ummm.... NOT falling?
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Old 07-21-2008, 09:26 AM   #10
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fucking tube sites killing every ones sales

it has nothing to do with the economy being totally fucked & gas at $5
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