NYCB, was up over 40% this morning | BAC Message Board Posts


Bank of America Corp.

  BAC website

  • Please accept my sincerest apologies for failing to publicly acknowledge our fallen heroes this past Memorial Day. No excuse I could offer could justify the oversight. Along with you, I salute the many men and women who have proudly and selflessly served in our military to protect, defend and secure the freedoms and liberties we enjoy each and every day. Their bravery in making the ultimate sacrifice will forever be appreciated and they will always be remembered and celebrated and never taken for granted or forgotten.


BAC   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  8717 of 8742  at  3/20/2023 6:22:00 PM  by

okie_flats


 In response to msg 8716 by  cheeseman
view thread

Re: NYCB, was up over 40% this morning

Absolutely! I am overall in the red! I'll just sell it now.
Hard to remember it was so long ago. But I think when I first bought it the share price was like $13. And the dividend yield 7%. Shares went over $17 if I recall. And from the beginning all dividends got re-invested.
Worries about the dividend might be cut and earnings not being up to expectations led to prolonged share price decline.
Cramer, back some years, seem to say a takeover by a larger bank is essentially inevitable. So I figured a pop would happen when a buyout was announced. That never happened.

Bank of Hawaii on the other hand, I put more money into it. Bought that below $50 per share. About $45 I think, 10 years ago about. It had a good reliable dividend and shares gradually climbed over the years. It went to $90, even over $90. Now it is back down to $50 with this latest "crisis" going on. So most of my gain there went away.

But my biggest bank holding by far is BAC. These others are just peanuts by comparison. Also have some JPM which is about 10% of what I have in BAC.


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 2  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
8718 Re: NYCB, was up over 40% this morning cheeseman 3 3/22/2023 1:10:07 AM




Financial Market Data provided by
.
Loading...