But Konrad said that "consensus estimates are not likely to improve as many of the potential catalysts are largely baked into expectations."
Bank of America's shares closed at $10.61 Wednesday, returning a remarkable 92% year-to-date, following a drop of 58% in 2011. Putting those figures in proportion, the shares were still down 20% from the end of 2010. For the shareholders that have stuck with the company through thick and thin, the five-year total return was a negative 73% through Wednesday.
Of course, the important thing for investors to do is look ahead, and for Bank of America, the only way to go, for dividends and share buybacks, is up.
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