Non-stop scandalous headlines are making so much harder for the stock to do well. These headlines are ruinous because it wipes out market cap, it makes harder to retain customer base (who wants to do business with someone who is perceived as unethical?) or attract new customers. Moynihan has not been able to change the culture or may be BAC is too big to be managed well. Need some aggressive moves by Moynihan to convince investors that he is trying to turn BAC into an honest company, or else BAC stock will continue to dive and their earnings will suffer because of piling legal bills. If they do cost-benefit analysis of their unethical/criminal actions, they will find that they could do so much better by being honest. It will take years before BAC can normalize its earnings because they keep digging new holes for themselves.
These latest bits of news about Bac offering bonuses and incentives to cheat its costumers is upsetting to read but we don't know if it's true. Motley Fool's article that "Bac defrauded America" is about the most disgusting piece of sensationalist journalism that Yahoo should not have allowed to appear here. Motley Fool has no credibility in my opinion and I will not pay attention to anything they post or write. Jerks.