今天为啥银行中的BAC跌的最凶？

overdrunk

好像最近BAC是最弱的。只要风吹草动，就疯狂下跌。要说BAC比Citi基本面好多了吧？

dunhe

which also means bac goes up faster

overdrunk

回复 2# dunhe
也有理。不过BAC这么大的盘子怎么能动荡这么大呢？

碧海潮生

summer123

Meet the New BofA: The Bearer of Bad News

By Michael Corkery

Former Bank of America CEO Ken Lewis was known to avoid the release bad news.

Successor Brian Moynihan seems to have no such problem.

Moynihan today became one of the few financial executives to put a price tag on the recently passed financial overhaul bill–and it wasn’t pretty.

Moynihan said it could cost the nation’s largest bank by assets $10 billion, mostly in goodwill charges. But the cost also included a $2.3 billion hit from new restrictions on the fees that credit-card companies can charge merchants. Many analysts said they were caught off guard by that credit-card estimate, forcing them to reassess their models on the impact of the law on the nation’s banks.

Moynihan’s comments stand out because J.P. Morgan CEO Jamie Dimon wasn’t willing to go there, even when pressed by analysts. Citigroup also was circumspect.

BofA paid a heavy price for Moynihan’s candor, as did other credit-card issuers. BofA’s shares plummeted 9% , making its the steepest of the DJIA component decliners on a day when the average shed 250 points. American Express dropped 5%, and J.P. Morgan was down 4%.

Still, in the long run, it is hard to argue that such candor isn’t a good thing.

It wasn’t too long ago that many investors felt burned by Lewis and other BofA brass who opted not to disclose the steep and unexpected losses at Merrill Lynch shortly before they voted to approve BofA’s acquisition of the bruised Wall Street brokerage.

Those Merrill losses resulted in taxpayer having to shell out billions of dollars in additional rescue money to BofA, and Lewis’ failure to disclose the losses resulted in $150 million SEC fine from the SEC. More importantly, it created a credibility issue that has dogged the North Carolina bank.

To be sure, Moynihan had a rough quarter. Results in BofA’s investment-banking unit, which Moynihan used to run, badly lagged behind rival J.P. Morgan’s, a possible signal that something is troubled internally, not just in the capital markets broadly.

But at least this quarter, Moynihan showed investors he is willing to deliver tough-to-swallow numbers, even if others aren’t. Credibility is built one step at a time.

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