Comment on Bank Of America Shoring Up Balance Sheet, Stock Going To $11

Bank Of America Shoring Up Balance Sheet, Stock Going To $11

Over recent months, Bank of America's leaders have vehemently rejected reports that the bank is falling short on capital to meet stringent regulatory requirements, but its recent flurry of activity, all aimed at raising quick cash, suggests otherwise. We currently have a price estimate of $11 for Bank of America stock, which is about 50% ahead of the market price.

 

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