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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: freeus who wrote (22409)12/6/2000 2:12:50 PM
From: Dealer  Read Replies (1) of 65232
 
13:55 ET Bank of America (BAC) : -- Update -- Now sees 2001 earnings
of $5.10 to $5.20 vs mean estimate of $5.49. Notes that projections are based
on the assumptions of a soft landing for the U.S. economy and no change in the
company's business mix..
13:51 ET Bank of America (BAC) 40 1/4 -15/16 (-2.3%): Bank holding
company guiding down Q4 net to a range of $0.85 to $0.90 a share, well below
the current First Call mean of $1.17. BAC says it is experiencing continuing
deterioration in credit quality, with nonperforming assets expected to rise 20%
from Q3 level.

Edit:

14:05 ET Bank of America (BAC) 40 1/4 15/16 (halted): -- Update --
Indices backing up (Dow -188, Nasdaq -44, S&P 500 -20) as financial sector
stocks weaken on BAC earnings warning. BAC currently indicated to open
$38-$40.
briefing.com
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