Shares of $WFC fell more than 6% after the results. Currently, the bank's stock seems quite undervalued, and this drop creates an even more solid discount. I'm not buying since I already have $BAC in my portfolio , but this is a nice buying opportunity for me.
Hasanyone bought shares of $WFC?
🚀 This week will be very exciting in the markets!
The whole week will be accompanied by an unpleasant situation on the Middle Eastnamely the attack Iran on Israel and the possibility of further conflict. The White House wants to calm the situation to avoid escalation. This conflict could significantly affect the price of oil.
However, let us look at the key events that will bring...
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📈💼 Interesting things in the banking sector!💡
Washington is caving in to pressure from big banks and rethinking capital buffer rules. Federal Reserve chairman Jerome Powell and Chairman FDIC's Martin Gruenberg expect major changes that could affect the banking sector and investors.
The new proposal would lead to 16% increase in capital levels and 20%
The proposal is under...
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My favorites and in my portfolio are $BAC and $JPM. Otherwise, since I don't understand the banking sector that much (which is why I represent these two banks, where I think there's nothing to go wrong), I don't think I fully understand the change in the proposal, could you explain it for a moron? 😁 ...like is this supposed to be a change for the banks in the sense of how much capital they have to mandatorily hold just in case the economy struggles and in case more customers want to withdraw their accounts at the same time, so that they have something to draw on? ...
Shares of US banks have been rising solidly recently. Shares of $BAC are up about 12% over the past month and shares of $JPM are up about 9%. I've been buying quite a bit of $BAC stock around the $28 price and the current growth and appreciation obviously makes me happy.
Which bank stocks do you have in your portfolio and what is the appreciation on them?
We were discussing banks recently over a post and it didn't even take long, it makes me happy.
Investors, which company's results surprised you the most this week? Did you buy or sell shares of any companies before or after the results?
I was pleased with the results of $BAC and a little surprised by the results of $ASML. I was still buying $BAC on Monday before the results and buying $ASML on Wednesday after the results at a discount.
We have seen US bank stocks fall quite a bit this year. For example, $BAC stock is down more than 13% this year and $C stock is down more than 9%. However, over the past month, bank stocks have been falling very quickly and noticeably ( see image below ). Otherwise, I have been regularly buying $BAC stock lately as it is currently at a great price and I am still thinking about...
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Banks are too conservative, boring and slow for me... I wouldn't go there :)
Investors, what stocks did you buy or sell this month?
I've been buying $MO stock this month and this week on Monday I was overbought $CVS stock as it dropped a few % again and got below the $70 level and then on Monday I was overbought $BAC and $PFE stock as they are also at a great price. As far as selling goes, I have sold off all shares of $MMM at a profit during this month.
Last week we started with the results of the big banks, today the continuation in the form of Bank of America. $BAC
Another one of the biggest US banks and Warren Buffett's favorite bank unveiled its results and they were above expectations. The bank jumped a percentage point higher in pre-trading hours.
I recently bought shares of $BAC. I looked at the results and I have to say that I was pleasantly surprised by the results.
Have a nice day😁.
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