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Doug Kass Goes Long Morgan Stanley And Bank Of America (MS, BAC)

Legendary investor Doug Kass just tweeted that he is buying Morgan Stanley and Bank of America in the wake of earnings beats by both investment banks this morning. This is particularly notable in light of controversy this morning over both banks' treatment of debt valuation adjustments in their earnings reports. I am adding to MS and BAC longs now. $BAC $MS — Douglas Kass (@DougKass) April 19, 2012 Please follow Clusterstock on Twitter and Facebook.
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DOUG KASS: "Bank Of America Got Fleeced By Buffett"

Business & Finance : Business Insider: Money Game (3 years ago)

Warren Buffett is making a 10.5% annual return on his Bank of America investment once you account for the value of his stock options, investment manager Doug Kass says. This, Kass adds, is the equivalent of Bank of America having so... Read Post

The Name "Bank of America Merrill Lynch" Is Way Too Long (BAC)

Business & Finance : Business Insider: Money Game (5 years ago)

Bank of America's merger with Merill Lynch produced an uncomfortably long name, "Bank of America Merrill Lynch." JP Morgan, Morgan Stanley, Goldman Sachs, and Credit Suisse - all of these roll off the tongue nicely. Bank of America ... Read Post

Morgan Stanley and Bank of America, Five Years on

Business & Finance : DealBook (4 days ago)

The chief executives of the two banks will each have had five years in charge in 2015. Bank of America has a more robust underlying business, but James Gorman of Morgan Stanley is further ahead in a turnaround, says Antony Currie of... Read Post


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