NEW YORK ( TheStreet) - Bank of America (BAC - Get Report), Microsoft (MSFT - Get Report) and Alcoa (AA - Get Report) were top gainers last week, while Verizon Communications (VZ - Get Report) and The Coca Cola Company (KO - Get Report) eroded considerable value.Bank of America was the top advancer last week, up 11.2%, on reports that a refinancing plan would enable borrowers with current mortgage payments to refinance at a rate of 4.5% or lower. However, analysts argued that such a refinancing plan could prove negative to banks. Meanwhile, BAC has also declared preferred dividends in the range of 19 cents to 54 cents on its Cumulative and Non-Cumulative Preferred Stock Series.
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