1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dheeraj Grover
Dheeraj Grover
Articles (493) 

Bank of America's CEO Moynihan: US Housing Market Is Healing

October 11, 2012 | About:

Bank of America (NYSE:BAC) CEO Brian Moynihan was on Bloomberg to discuss his views on the U.S. housing market and what visibility he is getting from his business. He also discusses the U.S. economy and deficit.

-- Everything he sees points to that the worst for the U.S. housing is over.

-- The amount of delinquent loans is down, as are backlogs of homes going through the process of foreclosure.

-- All the loan modification programs put in place are going great and helping the overall housing market.

-- He is working on increasing Bank of America's share in mortgage lending.

-- On U.S. debt - we should be concerned and should plan to cut our deficits.

-- On the Fiscal Cliff - he thinks people in Washington are reasonable and will be able to reach consensus and avoid the fiscal cliff. He thinks the benefits of that far outweigh the risks of going over the cliff.

Credit: Bloomberg, www.bloomberg.com

Here is the video:


  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.8/5 (9 votes)


Please leave your comment:

GuruFocus has detected 4 Warning Signs with Bank of America Corporation $BAC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners

kalletalPeter Lynch
kalletalJoel Greenblatt
kalletalKen Fisher
pbarker46Hist. Low PB
DBrizanUSA gordon 27Mar2017
hcgaron2nd F-Screen
hcgaronFirst F-Screen
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)