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Archive for January 19, 2012

Peter Frampton Do You Feel Like We Do Midnight Special 1975 FULL

Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion

In a follow-up on my posting trading with machholz. . Here we have the earnings report for BAC.We are well on the way to target of $7.50 and I expect now to arrive sometime this year at a price of $15.00.As always I have the hedging in place and subsequently suffering a loss on the hedging to the downside but that is then cancelled out by the advance in the stock price and we have an overall plus position for the month so far of $5000:00.I will continue to add to the hedging as we have until march expiry and using this time to average down might still contribute to a free trade to the downside. Remember keep hedged as other market influences can bring about a sudden drop in the markets .


Investment Bank Maintained No. 2 Global Ranking in Net Investment Banking Fees and Gained Market Share in 2011

Bank of America Merrill Lynch Named “Top Global Research Firm of 2011”

–Total Average Commercial and Industrial Loan Balances Increased 13 Percent From the Fourth Quarter of 2010

–Small Business Loan Originations and Commitments up Approximately 20 Percent in 2011, More Than 500 Small Business Bankers Hired in 2011

–Global Wealth and Investment Management Adds Nearly 1,700 Financial Advisors in 2011

–Extended Approximately $557 Billion in Credit and Raised $644 Billion in Capital for Clients During 2011

–More Than 1 Million Mortgage Loan Modifications Completed Since 2008

Bank of America Corporation today reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)(1) basis rose 11 percent to $25.1 billion.

For the full year, the company reported net income of $1.4 billion, or $0.01 per diluted share, compared with a net loss of $2.2 billion, or $0.37 per diluted share in 2010. Revenue, net of interest expense, on an FTE basis(1) declined 15 percent to $94.4 billion

full report at source: http://www.marketwatch.com/story/bank-of-america-reports-fourth-quarter-2011-net-income-of-20-billion-or-015-per-diluted-share-full-year-2011-net-income-of-14-billion-or-001-per-diluted-share-2012-01-19

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