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Re: BAC - How long Do I Hold This? closer  06-25-2008, 6:24 PM | Post #2532555
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Given the still mounting subprime mortgage baggage and litigation it inherited from Countrywide, BAC is going to be pressured to maintain its dividend, not to mention the pressure federal regulatory agencies may put on BAC to increase its capital reserves which could dilute its shares. New lawsuits against Countrywide were filed today by the Attorneys General of Illinois and California. Morningstar's analyst wrote: "Bank of America's purchase of Countrywide looks unappetizing." If might even cause acute indigestion.

Topics BAC Bank of America countrywide dividend mortgage View Complete Thread
 
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