With clearing of all the legal issues this news is not a surprise. The issues from taking over countrywide and other problems are in the rear view mirror now. The Fed knew this information when they allowed BAC to increase dividend and repurchase shares. BAC will move ahead and it is a good investment at this point. DD.
it is a surprise as estimates were .11 high .05 middle .02 low so it was a surprise. From $18 to $16 in a short time. CC will mean a lot. This may be a buying opportunity. Do Not forget jpm also missed.