This was the validation they were looking for.
UBS has removed the stock from its “Least Preferred” list, noting: Removing Bank of America from the Least Preferred list. The investment from Berkshire is likely to restore confidence in BAC shares, which was a key component of our expectation for the stock to remain weak.
Analysts Divided On Buffett Rescue [Deal Journal]
We're putting our price target at about $100. We think this bank is worth trillions. Great mortgage exposure that was rated AAA just a few years ago.
- Director of Equity Research, UBS
Buffett's F Marry Kill:
F taxpayers earning $250,000/year
Marry BofA
Kill a hot bath
Next Stop – Chapter 11
Is UBS common stock still on that list?
Where does a Least Preferred fit into the capital structure?
Of course they needed to do this to keep their reputation that they suck.
It won't matter anyway. Irene is going to destroy us all. We're doomed.
Let's be clear though, Stamford Honda is most certainly not in the least preferred list. Especially the DX version with cloth seats and the clean-looking plastic dash, ya, those are good, definitely prefer those.
-UBS
Well done good sir.
It's a significant portion of the equity section. Maybe all of it.
– UBS Research Associate
At the kid's table
– Adriana
Upgraded to the "After A Few Cocktails At Closing Time List".
-UBS
UBS just made MY list.
They're still on my 'only with a gun to my head' list.
-JP
They're still on my "Not with Charlie Gasparino's Dick" list.
Let's get a bit more color on this issue. By significant, my colleague meant to say there would be no more common equity in the capital structure. I have run simulations to prove this.
-UBS Quant Associate
(recently promoted from ER Dept.)
I guess my bank sucks a little less…….NOT