Big start to year has BofA at highest since 2010

|About: Bank of America Corporation (BAC)|By:, SA News Editor

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.