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Bank of America Corporation Message Board

  • toothpaste2013 toothpaste2013 May 7, 2013 7:38 PM Flag

    SERIOUS DISCUSSION FOR BAC ONLY - NEW LAWSUITS

    Its regarding the new lawsuits from the ny attorney, aig and bank of america cooperation that have been released today. If this lawsuits are real, then we will see bac back down to around $11 or lower. The total lawsuits involve a lot of money which maybe around 20 billions dollar. A quarter earning is 20cent to 30 cent, which equal to 2.3 to 3.5 billion. 20 billions will take around 2 years earning to pay.

    I invested in bac at the price of $11.40 a few months ago. I was thinking to hold it for another year till $18 at least but the new lawsuits seems very fresh and may create a lot of uncertainties.

    Please share your view regarding this matter. Thanks

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15.47+0.07(+0.45%)1:56 PMEDT