Bank of America Corp (BAC)

[stocksnoway]

LMAO who is trying to destroy it????

The company's liquid, it has a tremendous amount of common equity, it has reduced its litigation risk substantially, it has put a great deal of effort into getting its costs under control, so it's hard to imagine what the government would find to be wrong with its submission unless it's a structural or bureaucratic issue," said Dick Bove, a banking analyst with Rafferty Capital Markets.



"If you take a look at the cash and treasury holdings at Bank of America, they've more than doubled the common equity," Bove said, noting that if all of the bank's assets had to be sold, they would be able to cover its liabilities and still have cash left over.



All about the career politicians that stay in office and ruin shareholders over and over and over again!

SEE SHOULD BE TRADING AT 30.00 RIGHT NOW!

FROM:
http://www.thestreet.com/story/13307251/2/will-bank-of-america-pass-fed-s-stress-test-on-second-try.html