Unless you are still in holiday mood, you would have probably noticed that Bank of America's stock has skyrocketed since the beginning of the year. BAC is up about 31% this year so far and the month of January is not even over yet. So, what's the deal?...
After my accurate prediction of the IRE reverse split back in July (3 months before the actual reverse split), I am now pondering, which stock is next on the reverse split list. And then I thought, hmmm, Bank of America is technically becoming more and...
I though there was going to be another reverse split, but I was wrong. AIB (Allied Irish Banks) elected to delist itself from the NYSE after reaching an all time low of $0.68/share (or $0.136 before taking the reverse split of 1:5 back in February into...
AIB (Allied Irish Banks, plc.) has been trading for less than a dollar for more than 10 days already. Now we know that a stock will be delisted from the NYSE if it trades for less than a dollar for over a month (apparently, NYSE does not like penny...
I know that bank stocks nowadays are very scary, but, on the other hand, I think that they're undervalued on the long run.
A bank stock that I think is a good stock is UBS, and here's why:
- UBS is the largest bank in Switzerland (the second largest...
I am watching closely nearly all US bank stocks, and here are some facts from my observations:
Most of their respective companies are (officially) making money (with the exception of Bank of America).
Nearly all of them have a very low P/E hovering...
According to CNN, yesterday was the 7th most horrible day in the stock market. The Dow index went down 635 points (or 5.55%), while the S&P went down 80 points (or 6.67%) The most affected sector was the financial sector, where stocks such as BAC and C...
For the first time in nearly 2 years, Citigroup's (NYSE:C) market capitalization is now below $100 billion, thus reducing the number of US listed banks (note: US listed banks are not the same as US banks) that have a market cap over $100 billion to just...
If you are long on Bank of America Corp (NYSE:BAC), then you're probably in panic mode at the moment. The stock has shed almost 40% of its value since the beginning of the year (the stock has lost $2 of its value in since the beginning of July!). Take a...
I was just checking C this morning in the wake of yesterday's horrors. It is trading at a one year low (of course, after taking the reverse split back in May into consideration) of $34.81 (that's only $3.48 before the reverse split). The stock right now...