What Does everyone thing about the Stock Bank of America (BAC) !!?

You think its time to buy in more ,hold,or what do you think the bottom is ?

BAC is yielding a nice 6.2% dividend (if it is sustainable) rumours are swirling around that Citigroup which pays a 6% div. may cut theirs. But, the earnings and growth rate at BAC simply do not justify its current stock price:

http://finance.yahoo.com/q/ae?s=BAC

If you are looking to purchase a beaten down financial bank, I prefer Wachovia, the CEO recently did a major insider purchase of 100,000 shares:

http://www.bizjournals.com/charlotte/sto...

Also like Soverign Bancorp well beaten down below its 52 week highs

NJ Gold is correct. WB (Wachovia) is currently the better choice. However, I would wait until the 鈥渙ther shoe鈥?drops at WM (Washington Mutual) and at C (Citibank). Bad news from either institution will probably send most bank share prices lower. If you鈥檇 care to see just how much a bank stock can be beaten down, try researching IndyMac Bank

BAC is a dog. The purchase of country-wide is like trying to hitch a star but it is really a lead ballon. Dump it now.

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