Why is the bank stock performing so terribly? Stock hit $25.40 today, a new 52 week low.
I guess it will be a good excuse not to give us raises or bonuses.
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The whole market was down for a few days, BofA along with it. Ok, so we were a bit lower.
Because EXPENSES ticked up again last quarter and the banking analysts who cover the stock no like 'dat. Plus, various legal settlements to pay on top of that. And no tangible concrete demonstration of meaningul net income growth.
Having the accountants move stuff around to make the number look a bit better ain't real growth.
Because Smart people are leaving
Because layoffs are coming?
Probably because John Oliver roasted the he-l out of the bank and our HR executive on Seth Meyers during Monday night’s show. And it was GLORIOUS.
Because I said I had a buy order at $25 one year ago and the smart people at BAC were making fun of me?