B of A analysts
You guys looking for new positions already? I would be
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You should be worried, that's more people for you to compete with.
Is this a general comment on the overall health of the bank or are you privy to info we're not privy to?
Don't be a douche. Let's not make this the new UBS of the WSO forums.
It is kinda funny how the "lower tier BB's" get so much shit around here and 95% on this forum would give their left and right nut to work for either
What is the reputation of UBS in this forum?
Respectable bank with a huge international presence that's currently having some hard times?
...and where do you work?
I have a good job thank you very much. I am worried about B of A's health as a company and wanted to see if analysts are already looking for new jobs.
Worry about yourself or at least be less of a douchebag when you're "worrying" about others.
Jefferies IBD > BofA IBD
ubs sucks
The OP literally has no idea what he is talking about and I know that for a fact
BAC sucks.
kiss of death: ubs + accenture
B of A is in serious trouble as a company.... I just hope the US ofA doesnt bail them out. Calling it now: B of A is gone by January 1, 2012.
Stop talking.
did you check how much cash they have on books before you even wrote this?
Yes....Do i trust their numbers... NO. ..... They are completely over exposed in a ton of areas and Moynihan is a horrible leader. Their done by 1/1/2012.... Heck, their cds's are now almost at 400, they are liquidating assets like crazy, and they got killed in their commercial real estate portfolio. Stop being sheep people and dig deep.... Some money to be made off of this as well... I am sure everyone said they were perfectly healthy at $30...$25...$15...$10..$8..$7...and now soon to be under $6....
Shorting this.
BoA has a ton of capital on its books. Its going no where. You talk like it's a European bank...
They had so much capital on their books that they just needed a 5b bailout for WB... A band-aid on a gaping gash.
B of A isn't going down. It is the biggest commercial bank in the world and there is no chance that the US government is going to let it fail if it ever came to that.
Disagree.
Lol what? were you born in 2010? Do you remember 2008? Everyone said the same shit about Lehman, Bear, etc.
In fact I've looked at posts prior to March 2008 and everyone here on WSO was saying "LOL don't be stupid Lehman and Bear Stearns going bankrupt? LOL idiot that's impossible" And here we are today...
I'm not saying they're going down but I am pointing out that people said the same shit in '08.
Yes, and look how well THAT turned out :) It would have cost what, maybe $50 billion to bail out Lehmans? Even if we call it $100 or even $200, that's still a lot less than the bailouts after that cost! The US government will not let another massive bank fail. A small one sure, BofA no.
i dont really foresee any chance that boa will fail. It's one of the biggest (if no the biggest one) commercial banks in the US. Lehman and bear were technically classified as investment banks with no deposits, so this makes them super vulnerable when clients stops doing any kind of business with you. That being said..that doesn't mean you should rush in to buy their stocks now.
^^ Agreed.
I'll take the other side go4it. Jan 1 2012. You say they're "gone", I'll even let you define what "gone" is, within reason.
I say alive and trading.
$5,000 USD payable 1/2/2012.
You seem confident so this shouldn't be a problem. Admin can provide personal contact information for settlement.
You must be busy buying puts so I'll understand if your response is delayed. You're going to be a rich man!
Buffet to the rescue?
Talk is cheap, put your money where your mouth's at.
You mean on his ass?
Anyone getting nervous yet?
1.) Why the fuck do you care so much?
2.) I'm still waiting for you to take me up on my bet, junior.
And cuts have already gone down in many groups. Not surprisingly, VP's are the endangered species as they are making the most money without direct ties to revenue.
Junior employees are cheap and thus always safer, which is why you saw comments from several banks this week (BAML included) that said they intend to maintain the same recruiting levels as last year.
I'd be more nervous at MS right now.
What's going on at MS?
Trouble..
some of us just like to gossip - and those of us who don't have friends, gossip on WSO.
What a fagmuffin.
Your right about MS cartwright. No need to bet with you on wso..I have my money in dec put options on both bac and ms... looking like ms will be first to go in early december.
And what december puts would those be?
Don't put all your money there though. I need you to save some for the oceanfront property in Arizona I have for sale.
Cartwright do you work at B of A?
I don't work anywhere.
I tried to warn you guys... http://www.zerohedge.com/news/work-banking-find-out-if-you-will-be-laid…
right.... 324 people getting laid off from an institution that employees 300k means that the bank is going under... you are fucking retarded... don't you, your ray bans, and your latte have somewhere to be, like battery park holding a sign? you are too stupid to insult...
you guys are stuck in your banks to much to see whats going on here... and does bac employee 300k IB's...I think not... So the start of banker lay offs is actually significant.
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