周末猛图

ppteam

July 01:

The analysts added Bank of America (BAC) to their "Ten+ Aggressive Growth List," telling clients that the Charlotte, N.C.-based company is a good long-term investment and that it should return to normalized annual earnings of $3 a share in a few years.

"We believe the firm stands to benefit long term from market-share gains across a variety of businesses, including traditional banking, mortgage origination, retail brokerage, and investment banking," Citi analysts said in a research note.

They also highlighted Bank of America's record of making acquisitions and argued that two controversial recent takeovers -- namely, Countrywide Financial and Merrill Lynch -- offer good growth opportunities for Bank of America when the mortgage and capital markets stabilize and resume their expansion.

Citi rates Bank of America's shares as a buy with an $18 price target, implying 36% potential upside from their closing price Tuesday.

Mar 31:

Investors should buy put options on financial companies because derivatives-market trading suggests the industry will retreat after a 43 percent surge since March 6, Citigroup Inc. said.

“Despite the rally, credit and option markets are pricing in increased downside risk,” New York-based Citigroup strategist Alvin Wang wrote in a note sent to clients today.

He recommended puts giving the right to sell the Financial Select Sector SPDR Fund, an exchange-traded fund that tracks a basket of bank stocks, for $8 before May 15. The XLF, as the ETF is known, added 5.5 percent to $8.81 in New York, bringing its gain since March 6 to 43 percent. The May $8 puts fell 25 percent to 70 cents today.

Citigroup is essentially telling investors to bet against JPMorgan, Citigroup, Bank of America, and a whole slew of financial stocks that have been smashed to smithereens.

Pardon me for asking, but where was this advice a year ago, or six months ago, or even three months ago?

I am not particularly bullish on financials right now, but perhaps I ought to be on the grounds that Citigroup has not gotten anything right during this economic decline and is now recommending a bet against itself.

cheesecake

Thanks

ajs

WaveTrender

Big fall coming?

balto

猛, PPT就是PPT，呵呵。

soulvirus

够威够力，猛得鬼文

Lynxx

小亥

面包车

反指哇。

开小差

thx. ding

Lionking

Thanks for sharing! seems it serves as a perfect 反指!

eric4026

This is cool. Thanks for sharing

snowwolf229

seabiscuit

Good point！  如果发现一perfect 反指， 至少在一段时间内你可以放心的把它当反指。放心，一时半会，它正不过来啦～～～

shanghaibus

thanks

小咪

1# ppteam

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reading

thanks

ggsddu

Interesting!

yuelm2008

Thanks for sharing! seems it serves as a perfect 反指!
Lionking 发表于 2009-7-4 12:31

hope so

ajs