Friday, January 21, 2011

BAC Cash Flow Statement - The Easy Version

Banks are very eager to return the dividend and signal all is well.  To do that you need to generate cash, no?  It's always easy to talk trash when the actual deadline is months away.  I used to love racing on the track and there was never a shortage of trash talking months before an event.  Things got quiet on the starting line though.  Seems BAC needs a little more time to come up with the coin to pay shareholders.  Thought all was well though?  My opinion, the large banks are doing what the Fed is doing.  Trying to make us believe all is well. I'm not buying it (literally).

December 7, 2010

BofA head Brian Moynihan said his bank would raise its dividend "as soon as we can."

January 21, 2010

CEO Brian Moynihan told CNBC the bank would be raising its dividend in the second half of the year, rather than the first half.


1 comment:

  1. April, 2010

    BAC CEO say dividend will be raised well before Mayan prophecy comes true.