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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What a bargain !!! Grab this MAJOR PLAYER in the financial sector for a hefty 4% dividend while we wait for a price recovery to $55 /share in the next year. Mark my words, when the Fed finally gets arounf to cutting interest rates, the financial sector -- especially strong companies like BAC -- will see their profit margins (and earnings) improve and that will tranlate into a higher price. I like BAC at a price of less than $50/share a lot better than BAC at aprice of $55/ share earlier this year ... but it will see $55/share agin by Labor Day 2008.