Another big focus for Bank of America investors -- as usual -- will be litigation costs tied to mortgage securities it must buy back from investors who argue the bank made false representations about the securities. Bank of America has already paid out billions of dollars to settle mortgage putback claims, and remaining exposure is an open question.
"They have done a great job telling everybody this is behind them. We have to wait and see. I'm one of the guys who thinks there's more
-- Written by Dan Freed in New York.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts