Bank of America drops the bomb

Quote from stock_trad3r:

LOL the XLF is down a whopping 1/10 %..what a painful selloff...
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XLF now down 5% on the day and 75% from highs..

a drop of 75% from highs obviously means we're still in a bull market, right Stock_Trad3r?
 
Quote from drukes1234:

XLF now down 5% on the day and 75% from highs..

a drop of 75% from highs obviously means we're still in a bull market, right Stock_Trad3r?
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check the date of the thread. it's old.
 
Who the hell thought that any dividend that these banks were paying were sustainable, this is just too damn funny. You have no idea how many companies are going to cut dividends going foward, every sector of every industry will be cutting dividends, not just the banking sector.
 
Quote from S2007S:

Who the hell thought that any dividend that these banks were paying were sustainable, this is just too damn funny. You have no idea how many companies are going to cut dividends going foward, every sector of every industry will be cutting dividends, not just the banking sector.
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lol
 
Quote from Daal:

Cuts dividend 50%(meredith whitney bought into the CEO lies and thought it was sustainable), raising $10b and taking charge-offs of $6b
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Sorry but Meredith Whitney has been saying that Citi's dividend was NOT sustainable.

On Nov. 27th she issued a research report stating that there would be more asset sales by Citi, and a reduced dividend.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoMAgN7MJXIU

In fact, she's even claimed to have received death threats for her bearish stance on the company, and dividend. But she's married to "Death Mask" ( john "Bradshaw" layfield of WWE ) and he's 6'7" and 295!

:D
 
I was refering to the BAC dividend, ken lewis personally talked to her and assured the dividend was sustainable, apparently she believed him
 
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