Super Stock Blog

Bank of America (BAC) and Citigroup (C) are both repaying their TARP funds so they can reward their executives with huge salaries and bonuses.  Citigroup made a huge offering this week to sell over $30 billion dollars of common stock.  Bank of America already paid off its $45 billion TARP funds with a $19.3 billion equity offering recently.  Both stocks trade at lows that we won’t see for a long time.  Citigroup went as low as $3.20 recently this week and Bank of America reached a low it set in July at $15.  These prices are valid bargains and with the amount of money the FED is creating you can bet these stocks will go up as inflation-protected stocks.  They also will continue to make more revenue as they release more loans out which the government is encouraging to help create more businesses and jobs.

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