To those following the various lawsuits:
BAC has a pretty strong card left in its hand. Most of these lawsuits have been brought against Country Wide, which is a wholly-owned subsidiary of BAC. If any of the plaintiffs get too greedy, BAC can take Country Wide into bankruptcy. BAC's maximum exposure is its investment in Country Wide.
Bac went up double in 2012 because of its high growth rate. high growth is for sure because saving from legal fees, saving from dividend payout for preferred stock, and saving from overhead cutting. 4/17/13 on earing reports are expected.
Now, if you're thinking that BAC and AIG are near to settling AIG's current $10 billion lawsuit against BAC, then yes, that could be good news if the settlement is along the same line and payout as previous settlements.
Which settlement are you referring to? If you are talking about the $8.5 billion currently awaiting the judges approval, that has mostly been accounted for. The real impact would be if the judge doesn't approve it. As far as the bank is concerned, I believe they've already accounted for it on the books.