One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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This stock has been unfairly punished as investors (a mix of short term traders and inexperienced others) let emotion cloud the underlying fundamentals. Almost no exposure to the sub prime mess, diversified strategic plan for growth, outstanding dividend while we wait ... there's little reason to suggest this one won't head higher in the next 6-12 months. Federal Reserve action is likely to be a short term catalyst for price appreciation.