The Banking and Strategy Initiative

Chillin' out till it needs to be funded

BofA is not there yet!

BofA’s travails are continuing to keep it in everyone’s bad books after surfacing out of discounted book value price and reported a hefty 37 cents this morning, $17 billion in new mortgages and HELOCs , an unblemished CCAR and $4.8 billion in Net Income, but their performance won’t be a patch on JP Morgan and after the overhang of equity that is leeping earnings down, they also haven’t recovered their ground on real Capital in new Basel 3 terms still lagging at 7.8%

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This entry was posted on October 14, 2015 by in Uncategorized.

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