Bored in America
There is still a Hold consensus among Bank of America Corp (NYSE:BAC) analysts ratings with 10 Buys and 2 Overweights and expectations remain exactly the same as three months ago just like Nine Inch Nails used to sing in Everyday is exactly the same.
Most Bank of America Corp. Analysts still expect an upside of just 4% from current levels.
A wise man once told me I cannot get rich quickly. If you want to get rich slowly then Bank of America Corp (NYSE:BAC) is the way to go. I am sure technological advances in biology, medicine, robotics and genetics will extend your life to 200 years. If you cannot wait that long then this company may not be suitable for you.
There is still an Overweight consensus among JPMorgan Chase & Co. (NYSE:JPM) analysts ratings–better than Bank of America Corp (NYSE:BAC)–with 23 Buys and 6 Overweights and expectations have been slightly increased by 3.5% from 23 Buys and 5 Overweight three months ago. On a more positive note, Holds are down by 25%.
Most JPMorgan Chase & Co. (NYSE:JPM) analysts still expect an upside of 13% from current levels.
Don’t forget to visit us again this Thursday before the close for more useful information about this company just in time to help you decide if you should buy more shares or sell your current holdings at the right price at the right time just before everybody else loses money. Bank of America Corp (NYSE:BAC) reports next Wednesday.
This cash factory continues to increase sales from $86 billion in 2010 to $89 billion in 2011 to $93 billion in 2012. Profits are equally impressive, growing from $15 billion in 2010 to $17 billion in 2011 to $19 billion in 2012.
Unlike Fortune 500 which focuses only in sales; Forbes 2000 focuses in four key components when it comes to detect the most awesome companies in the World:
– Market Cap
Standard Oil has always been the Champion of the World since John D. Rockefeller started the company with just $4,000 if he could do it then so can you.
Slowly, Standard Oil is putting all the Baby Oils back together again. ExxonMobil could buy Marathon Oil in the future. If you robbed a bank recently and you must invest your stolen cash in just one company (Nobody buries the cash anymore because a Walmart may open in the same exact same spot where you buried it and you won’t be to recover it) then invest in ExxonMobil. However, if you can invest in two companies then you cannot go wrong with JPMorgan Chase & Co. (NYSE:JPM) because they are currently the second most awesome company in the world according to Forbes magazine.
We’d like to present 10 bank stocks that currently sport analyst target prices above their trading price. Aside from Bank of America Corp (NYSE:BAC), highlights include JP Morgan Chase & Co. (NYSE:JPM), PNC Financial Services (NYSE:PNC), Wells Fargo & Co (NYSE:WFC) and Home Bancshares Inc (NASDAQ:HOMB).
(Data via WSJ/Dow Jones & Co.)
Let’s take look at the list.