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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.
Undervalued. Countrywide's garbage being shovelled out the door.
BAC should be investigated for illegal practices. They are in the process of selling mortages to scammer mortage servicers such as Ocwen. The only thing that matters here is making money, no matter who gets in their way. I would never buy BAC stock or have any accounts with them. Time for middle America to wake up.!
You are correct. The only thing that matters is making money and BAC is still likely to be a double by 2015, so I buy. Their main issue was the foolish (in a bad way) purchase of countrywide but that CEO is out the door.Now if you just can't stand banks (and they are all essentially the same big and small), there's no one forcing you to buy them. I don't buy cigarette companies although they are also a good investment and a legal business but not something I'd personally own. There are plenty of other areas where you can invest.
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