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(Do the huge size of losses from mergers and Int'l investments offset the volume of daily business? And if there are so many losses out there, how can the EPS stay so high? Just the banker's way of doctoring the books?)

Jody,
As I noted, there were conversations concerning the decreased loan loss reserves as well as a few other quasi-questionable book maneuvers but BAC has responded with the business decision behind each move. Whether you agree with the business decisions or not is your call on the management's vision. Some have called it book doctoring but so far, I haven't seen any other company NOT trying to make their books look good. How far do you stretch GAAP to give BAC's owners (the shareholders, ME) ST value while maintaining LTG?
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(Re your comment on measure my own risk tolerance, dowhipple, I'm looking for a combination of LTBH with good growth potential (who isn't) as well as fast growth before I "settle back" I am also spread thin.)


If you look at the basic Fool's method of valuation, I believe BAC is down around a 60% PEG (haven't checked in a while, please do your own math first) which is pretty darn good for what you get.
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