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To: cubsfan who wrote (5546)	6/1/2009 7:15:58 AM
From: RockyBalboa	Respond to of 6370

Air france lost an airbus over the atlantic, scheduled for 8:30 GMT today from RJ. It had 228 on board; our thoughts are with them and their families. ------ It is unbelievable that they have not halted the stock.

To: cubsfan who wrote (5546)	6/2/2009 4:53:04 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Some folks who know more than we do finally decide to cash in on the rallye. IPI announces the sale of its stake amounting to 1.3B Barclays shares (nearly 4B pounds)... stock drops 12% in London marketwatch.com At the same time JPM and others offer stock to repay TARP.

To: cubsfan who wrote (5546)	6/12/2009 8:12:44 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

Here is a recent update on BAC...as you said - more shares (8.4B vs 6.4B) still "normalised" earnings of $3 a share, but perhaps losing money in 2009. Now what? UPDATE 1-KBW raises Bank of America to outperform June 11 (Reuters) - Keefe Bruyette & Woods raised Bank of America Corp to "outperform" from "market perform" on valuation and a better balance sheet. Completion of certain capital raising actions takes away a level of uncertainty, the brokerage said, adding that the $33 billion of new capital raised had taken Bank of America's share count to 8.4 billion from 6.4 billion. Despite a higher share count than originally expected, Bank of America continues to have strong levels of estimated normalized earnings at about $3 a share, analysts Jefferson Harralson and Brady Gailey said in a note. Bank of America's pre-tax, pre-provision earnings will provide an internal cushion to a portion of remaining cumulative losses and will help the firm rebound to higher earnings-per-share levels quickly when provisioning falls, they said. The analysts expect the company to post a strong profit on a reported basis for the second quarter, boosted by a $4.5 billion gain related to the sale of its stake in China Construction Bank and $2 billion of gains from "other dispositions". However, Bank of America's results may be back in the red in the second half of 2009 as it continues to be heavily exposed to U.S. consumers in the form of home mortgages and credit cards, the analysts said. They widened their 2009 loss estimate for the bank by 10 cents a share to a loss of 25 cents a share. The analysts, who raised Bank of America's price target to $16.50 from $12, expect the company to exceed its government-mandated $33.9 billion capital raise in an effort to push for approval to repay the U.S. Treasury. But Troubled Asset Relief Program funds repayment is not an option for the bank until late 2009/beginning 2010, they said. Shares of Bank of America, a Dow component, rose 1.8 percent to $12.20 in premarket trading. They closed at $11.98 Wednesday on the New York Stock Exchange. (Reporting by Amiteshwar Singh in Bangalore; Editing by Aradhana Aravindan) ((amiteshwar.singh@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: amiteshwar.singh.reuters.com@reuters.net)) Keywords: BANKOFAMERICA/RESEARCH KBW