W
W. Wells
Whats wrong with BAC. Paying 5.5% dividend and Buffett is making another
buy. He made one above 50 several weeks ago.
buy. He made one above 50 several weeks ago.
Whats wrong with BAC. Paying 5.5% dividend and Buffett is making another
buy. He made one above 50 several weeks ago.
Really? Buying back? I bought a bunch of shares in 97 when it wasNothing is wrong. I sold off to get the tax write off but will
definitely buy back.
PeterL said:Nothing is wrong. I sold off to get the tax write off but will
definitely buy back.
Really? Buying back? I bought a bunch of shares in 97 when it was
MBNA. Since then it had a 3/2 split, a stock dividend & then became
BAC. So I have doubled+ my original investment, not counting the
div. I was thinking of dumping it & paying the tax piper (because of
the overall bank problems), but maybe I should keep?
SandyBeth
Just to set the record straight, Bank of America has been around a lotI bought a bunch of shares in 97 when it was
MBNA. Since then it had a 3/2 split, a stock dividend & then became
BAC.
In 1995, Bank of Tokyo merged with Mutsubishi Bank to become the world'sElizabeth Richardson said:Just to set the record straight, Bank of America has been around a lot
longer than MBNA. Even when banks in the US were prevented by regulation
from operating outside of a single state boundary, Bank of America was one
of the top 2 or 3 largest banking institutions in the world.
The period I was referencing was in the 1960s and earlier.Mark Freeland said:BofA was 2nd or 3rd in the US (both in assets
and in deposits). It was 3rd behind Chase Manhattan (which had recently
merged with Chemical Bank) and Citibank; prior to Chase's merger, it was
number 2.
I have recently bought Wachovia, BofA, and Countrywide. In my opinion, (worthpallav said:While we are on the topics of banks, what about WB (Wachovia)? Their
write-off was bad news but they don't have significant exposure
compared to others. Is this stock just getting unnecessarily dragged
down by the rest?
What I meant to say in my post was that MBNA was absorbed by BAC.Just to set the record straight, Bank of America has been around a lot
longer than MBNA. Even when banks in the US were prevented by regulation
from operating outside of a single state boundary, Bank of America was one
of the top 2 or 3 largest banking institutions in the world.
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