MBIA's shares were up 12% to close at $8.08. Please see TheStreet's
for more on the BAC/MBIA conflict, the bond amendment, and the trading implications for investors.
Stifel Nicolaus analyst Christopher Mutascio on Monday
upgraded Bank of America
to a "Buy" rating, with a price target for the shares of $11, saying that because of cost cuts, the company will see much greater earnings growth in 2014 than the other money center banks.
Mutascio estimates that Bank of America will earn 92 cents a share in 2013, followed by EPS of $1.20 in 2014.
Interested in more on Bank of America? See TheStreet Ratings' report card for this stock.
Written by Philip van Doorn in Jupiter, Fla.