Friday, January 27, 2012

Investors like the back-to-basics Bank of America

In this Dec. 7, 2012 photo, a woman passes a Bank of America office branch, in New York. Bank of America said Jan. 19, 2012, it made $2 billion in the last three months of 2011 from selling its stake in a Chinese bank and selling debt. That offset losses and higher legal expenses in its mortgage business. (AP Photo/Mark Lennihan) Bank of America is back to basics â€" slimmed down, stripped of its swagger and no longer the biggest bank in the country. And investors, after pummeling the company for two years, finally like what they see.


No comments: