That's a fact? Show me the bank facts. When the economy turns south you will be out of a job and you won't care what banks are failing. Say, the last banks that failed recently were First Tennessee Bank and Plaza Bank.
Stock price is under $13 when book value is at $20. There are other bank stocks that are trading at 1.8 times book value. BAC is the weakest bank in terms of how investors value the company - a major concern is non-stop negative headlines that this bank did this wrong or illegal etc.
Not sure about declaring bankruptcy but they are no doubt weak based upon stock price performance this year. Peer prices have taken off while BAC just sits there and spins its wheels. Very frustrating to hold this stock. But wait, they do pay a tiny dividend. Guess that makes everything fine. NOT!!!
The share price lethargy is based on the endless parade of lawsuits associated with CountryWide. This could go on for years as lawsuit after lawsuit is filed. At some point you want it to stop. It doesn't seem to be. Everytime I open the internet I have an expectation to see another BofA lawsuit filed "on behalf of homeowners" or "pension funds" or "mutual funds" or "mortgage CDO buyers". It's just on and on. Investors grow tired of this, including me.