This is no investors blog, but certainly an area of great financial minds. I took a large position, going long, on Bank of America today. It's Price to Book Value is 0.75, with about a $100B FCF, has plenty of income, and the mortgage dilemmas (fines) are now behind it.
Figured that I would caste a line out in this forum and fish for opinions. I feel good about the company even though it's ROE and dividends have been low recently.
| +45 | I don't know how homeless people survive | 8 | 5d |
| +24 | Master in Finance - Exchange program options | 6 | 1d |
| +16 | Where to Buy Rope? | 4 | 1d |
| +14 | AI and white collar work | 10 | 3h |
| +11 | Visiting NYC | 12 | 17h |
| +8 | Where to stay in Vienna for a special occasion, can you help with any recommendations? | 2 | 5h |
| +4 | Addict Monkeys? | 5 | 1d |
| +3 | WSO King Kong deal toys for 1,000+ bananas? | 5 | 1d |
| 0 | How does the stress/hours of a startup compare with IB? | 2 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
FCF isn't a concept used in bank analysis.
If you look on the right, there's a post called 'Working in FIG'. Might be worth a look.
Accusamus nisi dolorem facere illum amet. Temporibus fuga molestiae rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...