Bank of America (BAC) Jumps to $7
Tweet
Share
E-mailGet Alerts BAC Hot Sheet
Price: $60.57 +1.12%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
EPS Growth %: +24.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
EPS Growth %: +24.7%
Join SI Premium – FREE
Bank of America (NYSE: BAC) continues to move higher and has just jumped to $7 per share, up 11% on the day.
Today a number of bulls came out to defend the stock after the recent drubbing on fears the bank could have to raise billions in capital due to its mortgage exposure.
Bulls from Dick Bove at Rochdale and Anthony Polini at Raymond James don't believe the company has a need to raise money. Also noted financial bear Meridith Whitney doesn't see an immediate capital raise.
Today a number of bulls came out to defend the stock after the recent drubbing on fears the bank could have to raise billions in capital due to its mortgage exposure.
Bulls from Dick Bove at Rochdale and Anthony Polini at Raymond James don't believe the company has a need to raise money. Also noted financial bear Meridith Whitney doesn't see an immediate capital raise.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Raymond James Starts SpaceX (SPCX) at Strong Buy, PT Street High $800
- BofA reinstates Figma at Buy, says AI turning into a 'growth catalyst'
- Bank of America (BAC) PT Raised to $62.50 at JPMorgan
Create E-mail Alert Related Categories
Trader TalkRelated Entities
Raymond James, Richard BoveSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
