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.
Bank of America
August 25, 2009 By 3 Comments