- 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.
at CNBC.com (Nov 19, 2014)