Few large bank stocks have come close to the market performance of Bank of America (NYSE:BAC)
over the past year. While some of that appreciation may have been due
to investors accepting that BoA is still a going concern in banking, the
reality is that the bank still has a lot of work left to do, and the
current banking environment is not exactly hospitable. With legal risks
still pretty high and near-term growth opportunities looking more
modest, Bank of America seems pretty fairly valued today.
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http://www.investopedia.com/stock-analysis/041713/investors-seem-be-overrating-bank-america-bac-c-wfc-usb-cma.aspx
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