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mariotjrm

2 Things That Would Make Me Love Bank Of America (even More Than I Do Now!)

Further, the entire banking sector (well, most of it anyway) is trading at historically low valuations. Having said that, one of the major reasons banks are trading so cheaply is that many investors are reluctant to jump back into these stocks in the wake of the financial crisis. Here are a few things that could make Bank of America a more attractive investment to the masses. Reason 1: Weakness in the banking sector that has nothing to do with Bank of America It seems like every day there's a new headline about legal action against one of the banks related to the financial crisis. JPMorgan Chase (NYSE: JPM ) has already agreed to a massive $13 billion settlement, and it was recently announced that the company will make a payoff related to the Bernie Madoff mess as well. Citigroup (NYSE: C ) has likewise found itself on the wrong end of many settlements. While some of the settlements lately have affected Bank of America, my point is that any major event that affects one bank tends to bring down the whole sector. The bigger the story, the bigger the drop. For example, remember what happened to bank stocks when more info it was announced that http://www.allcelebritygossip.com/keira-knightley-scared-about-the-worlds-ending/ Bear Stearns was in dire straits?
Full story: http://www.fool.com/investing/general/2013/12/30/2-things-that-would-make-me-love-bank-of-america-e.aspx

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