More on Bank of America (BAC): The company reports a $6.6B surge to $22.7B in Outstanding Claims by Counterparty, yet just a $15.9B liability against this, meaning the bank could be underreserved by $6.8B. Previous quarters show these reserves greater than Outstanding Claims (see pg. 16 of the Earnings Presentation). Conference call here. Shares give up premarket gains, -0.1%.