Bank of America (BAC +1.1%) shares bounce back from Friday's disclosure that it is involved in...

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

Bank of America (BAC +1.1%) shares bounce back from Friday's disclosure that it is involved in $375B of litigation over securitized mortgage products from Countrywide. Morgan Stanley's Betsy Graseck says that ealier underperformance of BAC shares was an overreaction, noting that most of the $375B was dismissed by the courts because plaintiffs lacked standing.