Sunday, December 6, 2009

Morgan Stanley on Bank of America

Target $30 with normalized earnings of $3.75 for 2012. The January 2011 17.5 LEAPS are at $2.57, which is a cheap play on BAC's recovery, now that they are done raising equity.
Bank of America Catalyst #1 Comes Through Tarp Repayment a Big Positive

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