Monday, June 27, 2011

Bank of America's Stock Is 'Massively Undervalued,' Rochdale's Bove Says - Bloomberg

Bank of America Corp. (BAC) is being "massively undervalued" by investors, and its stock will recover as earnings outpace costs linked to troubled home loans, said Richard X. Bove, an analyst at Rochdale Securities LLC. "Under the bleakest of scenari ... http://tinyurl.com/3mt4cz9
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