Hmmm. Seems BOD Member David Yost just BOUGHT 20,000 shares @11. 51 on April 18th.
Stock book value is set at $20.30 right now, and MS has a"OUTPERFORM" rating on BAC. BAC is buying back 4%of all common in this first buyback,now ongoing, and will do much more buyback per the BOD.
Looks very promising to this DD investor, and all we know.
Better cover buy now short.
Is it insider(s) or insider? OOOOOOOOWWWWWEEEEEEEEEEE! Now the good news to keep the roll going up........back to the 20's, 30's, 40's and eventually 50's. People like yourself will have to cover!!!!
GOOD NEWS FOR BAC - BofA Says N.Y. Can’t Take Foreclosure Enforcement Action
Bank of America Corp. said New York Attorney General Eric Schneiderman has no right to take enforcement action against the bank over claims that it violated terms of a nationwide foreclosure settlement.
The settlement permits enforcement actions when a bank fails to comply with defined metrics and an opportunity to “cure” the violation has been provided, the bank said in a May 7 letter to Schneiderman. The bank says it has complied with “every applicable metric.”
“Your office has no right under the express terms of the national mortgage settlement to commence an enforcement action against Bank of America, and we respectfully request that your notice of intent to do so be publicly withdrawn,” attorneys for the bank said.
The letter came a day after Schneiderman announced that Bank of America and Wells Fargo & Co. (WFC) violated terms of last year’s settlement with five banks that resolved claims over their foreclosure practices. The deal was negotiated with 49 states and the U.S.
Schneiderman said he intended to sue the two lenders, claiming they “flagrantly violated” their obligations for processing mortgage modification applications from homeowners.
Damien LaVera, a spokesman for Schneiderman, didn’t respond to a phone message or e-mail seeking comment on the letter. Lawrence Grayson, a spokesman for Charlotte, North Carolina-based Bank of America, declined to comment.