I believe BAC will hear word from the FED by next Monday concerning request for capital deployment i.e. div/buyback. This could move the stock next week. Hoping for a dividend of at least 24 cents for 2013.
Where have you read this? .Why would the FEDs request for the info move the stock in Jan? They are requesting the info to use for the stress test that will be in March or April. I am not challenging your statemet, just trying to be as informed as I possibly can be. Thank you for any additional input. Have you read the post I posted yesterday titled "2013 BAC Predictions"? I thought it got some interesting feedback.
This preliminary indication by the Fed is to allow banks a chance to revise their plan in case they don't approve it initially - much like a mulligan. If word comes out that BAC is given the green light to increase the dividend the stock should cruise to 13+.
Here is the link from Bloomberg regarding the FED action: