Bank of America went over $17 per share this week. It seems almost shocking for a bank in danger of being nationalized back in March when shares dropped below $3 per share. While I wouldn’t rush out to buy shares at these levels, Bank of America may still be cheaper then rival banks. Shares have risen over 400% from their March levels and the stock may still be undervalued if the banking giant can whether rising credit losses over the next 24 months.
So far I have a 22% gain on US Bancorp . I bought shares of USB at $17.70 and the stock has risen to $21.70.
General Electric has risen 24% from its $11 purchase price.
Supervalu (SVU) is up almost 14% from my initial purchase price of $13.13.
Visa is up 25% from the $55 purchase price.