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Bank of America Corporation Message Board

  • cchaker cchaker Mar 26, 2013 4:55 PM Flag

    Bank of America is going to $25.00/share.

    by Capital Traders Group
    The financial sector appears to still be undervalued relative to the S&P 500, despite its massive run-up since the lows of the financial crisis and I believe Bank of America is leading the pack of undervalued U.S. bank stocks.

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    • maybe in several years. However, current litigation and additional pending court losses will probably result in a PPS much lower than it is right now. A summary judgment on Successor Liability is right around the corner. although this is a relatively small amount of $$ for BAC the implications it will have on their Article 77 proceedings is huge with potential put back losses of approx. 30 to 40 BILLION...

    • IMHO looks bullish for price rise above 13.50 by April 20 option expiration. Granted I'm a long-term holder and believe that recent pullback is just another short-term consolidation. Keep in mind, a lot of "bad news" is still priced into the stock and the 5 billion common and 5 billion preferred buyback adds a layer of support for this stock.

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