Seeking Alpha

Big start to year has BofA at highest since 2010

  • Bank of America (BAC +2.2%) tacks more onto yesterday 3.4% move, touching its highest level in nearly three years.
  • Yesterday's catalyst looked to be an upgrade from Citi, but that report added little to the widely-known bull case on BofA. Perhaps a favorable ruling on the bank's Article 77 hearing - in which a judge can uphold or throw out BofA's $8.5B mortgage settlement with investors - is at hand.
  • The Bank of America Tarp Warrants (A-series) - struck at $13.30 and expiring in January 2019 - are higher by 2.9% to $6.90.
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Comments (4)
  • Zocman
    , contributor
    Comments (10) | Send Message
     
    Glad I have kept my Bank of America stock.
    3 Jan, 11:36 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8610) | Send Message
     
    Gee, I just jumped here in a time machine from December 2011...everybody back where I came from kept telling me Bank of America would have to declare bankruptcy soon.

     

    I guess it is important to listen to only those with a clear, unbiased analytical take.
    3 Jan, 12:22 PM Reply Like
  • TD Amateur
    , contributor
    Comments (9) | Send Message
     
    I am Long on B of A since mid 2012, and I am glad I didn't panic and sell short. All indicators are pointing to a much better future, especially if B of A increases it's dividend for investors.....
    3 Jan, 04:14 PM Reply Like
  • lonzoplus3
    , contributor
    Comments (22) | Send Message
     
    Is the author hear implying that the Honorable Judge Kapnick is leaking info on the Article 77 ruling for the gain of herself and friends
    4 Jan, 06:33 PM Reply Like
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