Reading Time: 2 minutes We know CEOs of some of the nation’s largest banks are buying their companies’ stocks, to show their confidence on their respective company. It’s also interesting to see some of the leading banks are putting up a lot Ads on Wall Street Journal. I took some pictures here from WSJ in these days and share… Continue reading Recent Bank Ads on WSJ
Reading Time: 2 minutes (Update Feb 5) It appears BoA CEO Ken Lewis bought additional 200,000 BAC shares yesterday (source: bloomberg). (Original Feb 4) Today Bank of America stock (NYSE: BAC) fell below $5 the first time since 1990s. The company was in trouble earlier this month as the loss from Merrill Lynch turned out to be much bigger… Continue reading Friends don’t let friends buy BAC
Reading Time: < 1 minute It seems the financial crisis has been more like a banking crisis these days, with the RBS virtually nationalized by the British goverment, and Citi and Bank of America increasingly can not stand on its own. The No. 1 and No. 2 US banks according to market cap, J.P.Morgan (NYSE: JPM) and Wells Fargo (NYSE:… Continue reading Banking crisis?
Reading Time: 2 minutes Bank of America is back in the news because they asked and got $20 billon from US govement, to back the loss from Merrill Lynch acquisition. (Source: Yahoo Tech-ticker) Personally I like Bank of America, ever since I became their customer serveral years ago. Two benefits of being BoA checking acct cosumer: 1) Their branch… Continue reading My thoughts on Bank of America (NYSE: BAC)
Reading Time: < 1 minute Couple days ago I suggested the China stock market could have a relief rally after Olympics, when the party is over without major glitches. I still belive Beijing Olympics will turn out to be ok, amid so much worries from human rights protests to security threats. I also believe Chinese economy will not stand still… Continue reading China: embracing bear market after Olympics?
Reading Time: 3 minutes Coule day a ago I came across this BoA (NYSE:BAC) bought CCB (China Construction Bank, Hongkong 0939) shares at dirt cheap price story from my Chinese friend StrengthTrader (English news here). After that I read this one original written by 21cbh, titled The Mystery of 70% Off of CCB Shares, here is a faster link… Continue reading Demystify the sale of CCB shares