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AEX-21/7- afkloppen dat BofA ook goed is!

1. diederique 22 juli 2008 00:55

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   • diederique

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   zoals allang verwacht is nu de beurt aan de vrijgevige creditcard maatschappijen
   
   aan alle kanten voelen ze de pijn
   
   dat krijg je ervan
   
   huizen onderzetten voor consumptieve doeleinden..........
   
   ==========
   
   .........Michael Taiano, an analyst at Sandler O'Neill in New York who has a "Hold" rating on American Express said the company is paying the price for its rapid loan growth in recent years. Now, with the effect of falling house prices and job loss rippling through the economy, American Express faces rising losses as more loans go sour - at a time when the company holds a substantial portfolio of younger loans that are by their nature more likely to go bad.
   
   Indeed, the company's earnings presentation indicates that the biggest deterioration in credit performance came among customers who have had American Express cards for between two and four years. Accounts 30 days past due jumped 62% from a year ago among U.S. customers holding cards for 24 to 36 months and 58% for customers of 36 to 48 months, the company said.
   
   Taiano cut his rating on the stock to "Hold" from "Buy" earlier this year, reasoning that an economic slowdown and falling house prices would combine to slow earnings growth at American Express.
   
   Even so, he said he was surprised by "the degree of acceleration" in credit losses in the latest quarter. "They're in for a challenging few quarters ahead," he said.........
   
   money.cnn.com/2008/07/21/news/amex_co...
2. [verwijderd] 15 oktober 2010 16:54

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   Oct. 15, 2010, 10:36 a.m. EDT
   
   S&P Equity cuts B. of A. to hold from strong buy
   
   SAN FRANCISCO (MarketWatch) -- Standard & Poor's Equity Research on Friday cut Bank of America (NYSE:BAC) to hold from strong buy due to ongoing foreclosure woes. "After further review, we have a lower level of confidence (than we do for J.P. Morgan Chase), that BAC has adequately prepared for, and reserved for, future mortgage repurchase demands from the GSE's and investors, and for the potential administrative and legal costs of the rising foreclosure crisis," said Erik Oja, a financial analyst at S&P Equity Research. S&P also lowered its target price for the bank by $3 to $14. Shares of Bank of America were last down 6.7% to $11.75
3. [verwijderd] 15 oktober 2010 18:05

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   BoA gaat als kop van jut fungeren.
   Het gaat niet eens om die miljardenclaims die jaren gaan duren ....de kwaliteit van de balans gaat keihard achteruit, het probleem groeit dus met de dag.
   Weer een andere reddingsronde zit er niet in, de wil en het geld is er namelijk niet meer ....
   
   www.marketwatch.com/story/banks-down-...
   
   Kan iemand ff een "monday crash" draadje ophalen?