This is a seekingalpha.com article.
Let’s cut right to the chase. This morning, I was asked, and I quote, “is this slowly the death of Bank of America (NYSE:BAC)?” I had to check my calendar. Is this spring 2009? Did I get stuck in a time warp? If I did not know this individual very well, I would have thought this was a joke. But this was a serious inquiry? Was I missing something? I mean, I had just recently described the company’s prospects for 2016. I don’t recall predicting I would be eulogizing the company. I mean come on, we know it is one of the largest banks in the United States by assets and yes, it truly has recovered from the Great Recession. Is it firing on all cylinders like it was pre-recession? Certainly not. The stock has ebbed and flowed but it has come back from the brink. Barring another recessionary period, the bank is set up to do well in the coming years especially in light of the pending interest rate hike by the Fed. I will say plainly that I am behind Bank of America long-term. I think it is set for growth and in turn, the stock should provide decent returns. But to ensure this is still the case we need to determine where the company may be heading from a performance point of view. Thus, we do have to do two things. First, examine the company’s most recent earnings and key metrics. Second, we have to understand the outlook for the bank, honing in on strengths and weaknesses. It is my guess that the original inquiry stems for this morning’s earnings announcement.
Piggybankblog Courtroom Bailiff: “All rise! .The Honorable Judge John Wright has left the Courtroom of Public Opinion!”