Your first post in here was less than 2 months ago and said you were finally starting to invest. I suggest you reconsider the definition of long.
http://www.investopedia.com/terms/l/long.asp
I don't see this stock rising in value. How am I confused?
Boiler Room: The Official Stock Market Discussion
I don't see this stock rising in value. How am I confused?
Futuristic Eskimo
All Star
Bank Of America Finally Gets Go-Ahead To Increase Dividend
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A bigger Bank of America BAC +2.03% dividend has been a long time coming, and Wednesday, for the first time in seven years, the financial firm will raise its quarterly payout to shareholders.
The increase, to 5 cents per share from a penny, was subject to approval from the Federal Reserve, which withdrew previous authorization in April when BofA provoked the central bank’s ire with accounting errors in its annual capital plan submission. (See “BofA Buyback, Dividend Hike Rejected By Fed.”)
At the time, BofA said mistakes led it to overstate its regulatory capital levels and ratios due to the treatment of structured notes it acquired with the star-crossed acquisition of Merrill Lynch in 2009. The bank resubmitted its capital plans on May 27, but absent the $4 billion stock repurchase for which it previously sought approval.
Since the biggest U.S. banks were first allowed to request dividend increase authorization from the Fed in 2011, JPMorgan Chase JPM +0.55% and Wells Fargo WFC +0.8% have far outpaced their more-troubled peers Citigroup C +1.17% — which has seen dividend hike requests rejected on two separate occasions — and BofA. The chart below, which does not account for Wednesday’s increase from BofA, illustrates the divergence as Wells has nearly tripled its dividend and JPMorgan has upped its 60% even as it dealt with headaches like the London Whale trading debacle.
BAC Dividend data by YCharts
Shares of Bank of America gained 1.3% to $15.20 Wednesday morning. The higher dividend, payable Sept. 26, offers a dividend yield of 1.3%.
Comment Now
Follow Comments
A bigger Bank of America BAC +2.03% dividend has been a long time coming, and Wednesday, for the first time in seven years, the financial firm will raise its quarterly payout to shareholders.
The increase, to 5 cents per share from a penny, was subject to approval from the Federal Reserve, which withdrew previous authorization in April when BofA provoked the central bank’s ire with accounting errors in its annual capital plan submission. (See “BofA Buyback, Dividend Hike Rejected By Fed.”)
At the time, BofA said mistakes led it to overstate its regulatory capital levels and ratios due to the treatment of structured notes it acquired with the star-crossed acquisition of Merrill Lynch in 2009. The bank resubmitted its capital plans on May 27, but absent the $4 billion stock repurchase for which it previously sought approval.
Since the biggest U.S. banks were first allowed to request dividend increase authorization from the Fed in 2011, JPMorgan Chase JPM +0.55% and Wells Fargo WFC +0.8% have far outpaced their more-troubled peers Citigroup C +1.17% — which has seen dividend hike requests rejected on two separate occasions — and BofA. The chart below, which does not account for Wednesday’s increase from BofA, illustrates the divergence as Wells has nearly tripled its dividend and JPMorgan has upped its 60% even as it dealt with headaches like the London Whale trading debacle.
BAC Dividend data by YCharts
Shares of Bank of America gained 1.3% to $15.20 Wednesday morning. The higher dividend, payable Sept. 26, offers a dividend yield of 1.3%.
http://www.investopedia.com/terms/l/long.asp
I don't see this stock rising in value. How am I confused?
Sorry. . . I envision a long position being held by someone who does research first and then buys to hold a stock to give it a chance to appreciate for more than a a few days without panic selling.
Sorry. . . I envision a long position being held by someone who does research first and then buys to hold a stock to give it a chance to appreciate for more than a a few days without panic selling.
Aight I'ma go ahead and dead this now before it turns into a TLR topic.
In other news... sold my GRPN covered calls for $0.15. Bought back to close for $0.01 after that earnings drop. Climbing back up at the end of the day, so want the ability to take advantage of another short term call.
Domingo Halliburton
Handmade in USA
lol at Sprint
Domingo Halliburton
Handmade in USA
Paul Singer has a $1 billion stake in EMC ....spin off coming?
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WWAV foods doing it BIG!
Domingo Halliburton
Handmade in USA
Intercept Pharmaceuticals announcing some news on their drug that treats fatty liver disease on Aug 11.
The last time they had some positive news months ago the stock tripled. They could be poised for another breakout. But they were supposed to announce something in July and pushed it back. That scared some people away.
The last time they had some positive news months ago the stock tripled. They could be poised for another breakout. But they were supposed to announce something in July and pushed it back. That scared some people away.
Domingo Halliburton
Handmade in USA
zynga with a miss, lower guidance
got a NFL game coming out
I've always hated this company. There was a reason all the insiders sold as soon as they could.
got a NFL game coming out
I've always hated this company. There was a reason all the insiders sold as soon as they could.
Futuristic Eskimo
All Star
Exclusive - Goldman, JPMorgan in Senate's crosshairs for commodities holdings
39 minutes ago
By Patrick Rucker
WASHINGTON (Reuters) - U.S. Senator Carl Levin is preparing a last push to bring Wall Street's big commodity traders to heel during his final months in office, wrapping up a nearly two year-long probe that could potentially reveal abuses in energy and metals markets.
Levin's investigators have met with representatives from Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N) in recent weeks, according to sources familiar with the matter.
Executives from those companies may appear at a hearing as early as September, during which Levin's Permanent Subcommittee on Investigations would present the findings of the probe, the sources said.
Spokesmen for Goldman and JPMorgan declined to comment.
Specifically, Senate investigators have explored whether Wall Street has abused its commodities holdings at the expense of clients, consumers, the environment or the health of the market, according to the people familiar with the probe.
The probe's findings and the possible hearing will add to the scrutiny Wall Street firms have already faced from the Federal Reserve and from other lawmakers over whether it is appropriate for banks to maintain vast holdings in metals warehouses and other physical commodities businesses.
Companies including MillerCoors LLC and The Coca-Cola Co (KO.N), for example, have accused warehouses and their owners of distorting supplies, inflating the prices of aluminium, and costing consumers billions of extra dollars annually.
Wall Street has found it lucrative to have a hand in both the trading and delivery of commodities but some investment banks have retreated from parts of the businesses as they have become the focus of lawsuits, regulatory scrutiny and public outrage.
JPMorgan has sold its physical trading business and Goldman is selling its metals storage company but the banks have not dropped all such holdings.
FINAL TARGETS
Banks' commodities businesses is one of the final targets for Levin, who is retiring at the end of this year after serving on the powerful investigations panel for around 15 years.
Levin said in an interview on Thursday that he expects to conclude his work on Wall Street and commodity investments before he departs.
"We are looking at the physical commodities issue. There may be one other (issue to investigate), but I don't want to say what it might be," said Levin, a Michigan Democrat. He declined to elaborate.
Levin's panel began examining the commodities market in late 2012, after several months of growing complaints from metals users and following a Reuters story that highlighted a behind-the-scenes struggle between the banks and the Fed over commodity trading.
A front-page New York Times story and a Senate Banking subcommittee hearing in mid-2013 added to the pressure, and the Fed said early this year that it was likely to push forward with new measures to limit banks' involvement in the raw materials supply chain.
BEYOND BANKS' STABILITY
While the Fed has examined whether Wall Street's broad ownership of mines, wells or other physical assets could present a risk to a bank's solvency, Levin said his questions go deeper.
"We are looking at many aspects of physical commodities... It is broader than safety and soundness," Levin said, using a regulatory term for bank stability.
The Senate returns from summer recess in early September and sources said a hearing on the commodity issue is likely in the second or third week of that month.
Levin took control of the oversight panel for the second time in 2007 and has often excoriated Wall Street executives about their business tactics, use of tax loopholes and other perceived abuses.
Over four, politically-charged hearings in April 2010, Levin summoned regulators and Wall Street executives to answer for their behaviour during the global financial crisis.
In March 2013, he grilled executives from JPMorgan about trades that led to $6.2 billion losses known as the "London whale" trades.
Such hearings can shine an important spotlight on regulatory failings and wrongdoing, Levin said.
(Additional reporting by Douwe Miedema David Lawder in Washington; Editing by Karey Van Hall and Frances Kerry)
Under pressure
Commodities are dead on the Street. I remember reading about Goldman's scheme to distort aluminum prices last year. More fines are coming down.
39 minutes ago
By Patrick Rucker
WASHINGTON (Reuters) - U.S. Senator Carl Levin is preparing a last push to bring Wall Street's big commodity traders to heel during his final months in office, wrapping up a nearly two year-long probe that could potentially reveal abuses in energy and metals markets.
Levin's investigators have met with representatives from Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N) in recent weeks, according to sources familiar with the matter.
Executives from those companies may appear at a hearing as early as September, during which Levin's Permanent Subcommittee on Investigations would present the findings of the probe, the sources said.
Spokesmen for Goldman and JPMorgan declined to comment.
Specifically, Senate investigators have explored whether Wall Street has abused its commodities holdings at the expense of clients, consumers, the environment or the health of the market, according to the people familiar with the probe.
The probe's findings and the possible hearing will add to the scrutiny Wall Street firms have already faced from the Federal Reserve and from other lawmakers over whether it is appropriate for banks to maintain vast holdings in metals warehouses and other physical commodities businesses.
Companies including MillerCoors LLC and The Coca-Cola Co (KO.N), for example, have accused warehouses and their owners of distorting supplies, inflating the prices of aluminium, and costing consumers billions of extra dollars annually.
Wall Street has found it lucrative to have a hand in both the trading and delivery of commodities but some investment banks have retreated from parts of the businesses as they have become the focus of lawsuits, regulatory scrutiny and public outrage.
JPMorgan has sold its physical trading business and Goldman is selling its metals storage company but the banks have not dropped all such holdings.
FINAL TARGETS
Banks' commodities businesses is one of the final targets for Levin, who is retiring at the end of this year after serving on the powerful investigations panel for around 15 years.
Levin said in an interview on Thursday that he expects to conclude his work on Wall Street and commodity investments before he departs.
"We are looking at the physical commodities issue. There may be one other (issue to investigate), but I don't want to say what it might be," said Levin, a Michigan Democrat. He declined to elaborate.
Levin's panel began examining the commodities market in late 2012, after several months of growing complaints from metals users and following a Reuters story that highlighted a behind-the-scenes struggle between the banks and the Fed over commodity trading.
A front-page New York Times story and a Senate Banking subcommittee hearing in mid-2013 added to the pressure, and the Fed said early this year that it was likely to push forward with new measures to limit banks' involvement in the raw materials supply chain.
BEYOND BANKS' STABILITY
While the Fed has examined whether Wall Street's broad ownership of mines, wells or other physical assets could present a risk to a bank's solvency, Levin said his questions go deeper.
"We are looking at many aspects of physical commodities... It is broader than safety and soundness," Levin said, using a regulatory term for bank stability.
The Senate returns from summer recess in early September and sources said a hearing on the commodity issue is likely in the second or third week of that month.
Levin took control of the oversight panel for the second time in 2007 and has often excoriated Wall Street executives about their business tactics, use of tax loopholes and other perceived abuses.
Over four, politically-charged hearings in April 2010, Levin summoned regulators and Wall Street executives to answer for their behaviour during the global financial crisis.
In March 2013, he grilled executives from JPMorgan about trades that led to $6.2 billion losses known as the "London whale" trades.
Such hearings can shine an important spotlight on regulatory failings and wrongdoing, Levin said.
(Additional reporting by Douwe Miedema David Lawder in Washington; Editing by Karey Van Hall and Frances Kerry)
Under pressure
Commodities are dead on the Street. I remember reading about Goldman's scheme to distort aluminum prices last year. More fines are coming down.