MarketFoolery: 10.17.2012

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 17 October 2012

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bank of America earnings fall 95%. Shares of IBM slide after Big Blue reports weaker-than-expected revenues. And Oracle's CEO encounters some choppy waters.

Transcript

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0:00.0	It's Wednesday, October 17th.
0:04.0	Welcome to Market Fullery.
0:05.0	I'm Chris Hill and joining me in studio today for Motley Fool Pro, Brian Hindman,
0:09.0	and for Motley Fool's hidden gems,
0:11.0	Jeremy Myers, making his market
0:13.0	foolery debut.
0:14.0	Woo!
0:15.0	Happy to be here.
0:15.2	Good to get you in the studio.
0:17.0	About time.
0:17.6	Thanks for the invite.
0:20.3	Jeremy's like, yeah, it only took you guys 300 episodes to invite me.
0:23.6	Earnings Palusa continues we're gonna talk IBM we're gonna talk Pepsi
0:28.2	Oracle is in the news but not for their earnings but we're gonna to start with Bank of America's third
0:35.4	quarter earnings fell nearly 95 percent and Brian I have to believe that Wall
0:40.6	Street had to have expected even worse than that because the
0:44.8	stock is basically flat today. Down 95% is really good for Bank of America
0:48.9	Yes, yeah down 95% is the new awesome. What is going on with?
0:53.0	So I think what you are missing
0:55.2	is what didn't happen during the quarter.
0:57.1	Bank of America did not make a bone-headed acquisition this quarter.
1:00.8	Stock goes up.
	...

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