Selling 50 cents to book. Wall street still treating it like after the financial crisis.
cant complain for a 50% increase in dividend and $5 billion buy back. It takes a gradual approach which is prudent. The bottom line is bac ready to surge ahead to catch up to rival banks
legal issue is already behind and they passed the stress with COLORS.
when the buy back kicks into effect, sure they will buy back all these cheap shares..
Selling at 56cents to a dollar with all legacy issues behind, passed stress test with flying color, dividend increase 50%, buyback $5 billion. This is only beginning