Market Currents

Bank of America (BAC) returns to about flat after a 3% premarket pop on the Fannie Mae...

Monday, January 7, 3:22 PM ET
Bank of America (BAC) returns to about flat after a 3% premarket pop on the Fannie Mae settlement. The deal (along with the foreclosure-abuse settlement) looks to have wiped out Q4 earnings - by itself not a worry, but it what if it jeopardizes the bank's effort to get the Fed to allow larger capital returns in 2013?

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This news story has 4 comments:

The Geoffster Comments (3696)

One hand washes the other.

7 Jan, 07:24 PM Reply Like

billmichael Comments (47)

This isn't really a suprise, most everyone knew that BAC was going to pay something. Isn't this already priced in and shouldn't make a difference?

7 Jan, 11:21 PM Reply Like

JamesChessing21 Comments (19)

I agree, there will be no share buy-back and only a modest dividend possibly 30-40 cents ...the ambition of Moynihan is to build a fortress balane sheet...so that there is never again another TARP episode...

8 Jan, 05:37 AM Reply Like

jeff lauder Comments (124)

It proves BAC has the earning capacity to power through the claims and lawsuits. It also means the Book Value is a moving target. And the direction is UP! Long and strong for the last year!

8 Jan, 07:18 AM Reply Like

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