On Tuesday, stock markets suffered their worst day in two months, with the NYSE led down largely by one of my favorite stocks, Bank of America. I recommended BAC late last month as a speculative buy with a 12-month horizon. Unfortunately, that was just before the news broke of the nationwide foreclosures scandal in the U.S. which has put what amounts to a freeze on bank sales of repossessed properties and threatens to further complicate the housing mess.
Why Citigroup and Bank of America are still buys
Most Popular Articles
Latest Articles
NAMB partners with Roomvu on digital marketing efforts
NAMB members can use automation tools through Roomvu to market their services, create content and distribute newsletters.
-
New American Funding onboards top Chicago loan officer
-
Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers
-
Weekly active inventory growth still too slow
-
While the Austin housing market isn’t sizzling, agents say it is still warm
-
CMLS looks to weigh in on the DOJ’s statement of interest