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bank of america stock



Stock Management Value Overall Rating-Date Of Article
BAC bank of america stock 6 out of 10 6 out of 10 9 out of 10 BECAUSE of long term POTENTIAL for good stocks like this

5/11/2009
Bank of America is in a lot of financial trouble at least for the short term according to a lot of analysts. They, like many other banks, have had a lot of lending problems and problems with credit in general. Bank of America however is a large institution and while they may have a lot of debt they also have a ton of assets; people from Seattle can understand their massive market power when they see the Bank of America building in downtown Seattle.

They also have been paying dividends for a good long time but recently they have had to cut their dividend payments way down to stockholders thanks to the economy no less. In my opinion I think Bank of America has a great chance of survival in this bad economy because of their size in the market. Even if the economy gets worse they are what we consider too big to fail because the government will just bail them out. Why is BAC important to the U.S. economy? BAC is important because they provide a lot of credit to people who want to buy houses, small, medium, and large sizes business alike and to individuals. Without that credit entrepreneurs will not be able to carry out the ventures that they have in mind. For instance it would be really hard to start a business without money but most that money comes in the form of credit from banks, bonds, stock, or venture capital firms and venture capitalist. If a company like BAC goes then a large arm of credit to institutions that provide credit or services themselves will also die out as well bellow them. I think that BAC has close to no chance of going out of business in the long run and if you want to invest for the long term you have about a zero percent chance of losing. Of course like most stocks that are doing badly like Bank of America stock; you have to heave a lot of heart to buy them and be able to profit in the future because a lot of people can’t stand the psychology of buying stocks that are hurting like that. What are the opinions of people here on BAC comment bellow?

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igor ansoff - ideas on stocks like bank of america stock