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Bye Bye Lewis, Buy Buy Bank of America (Snippet)

THURSDAY, OCTOBER 1, 2009
BARRON'S TAKE  
 
Bye Bye Lewis, Buy Buy Bank of America
By Tiernan Ray  

AFTER EIGHT YEARS, two recessions, one terrorist attack and Wall Street's seismic implosion, Bank of America (ticker: BAC) CEO Ken Lewis last night announced he'll be stepping down at the end of this year.

Lewis' departure removes a cloud from the stock that could allow its shares to reach $30 within two years.

Bank of America shares were down fractionally today, trading recently at $16.84.


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