Bank of America (BAC) stock outlook 2012

Bank of America (BAC) stock outlook 2012 ; Bank of America's(BAC) in trouble. How much trouble? Enough that this will be the year where management is replaced if nothing good happens. Bank of America has devolved into a collection of losing lawsuits connected to a deposit company. I have never seen so much legal exposure to one solvent firm except the asbestos makers, and we know how that turned out.

I thought that BAC would turn the corner under Brian Moynihan. Instead it fell off a cliff. No bank's been that good in 2011 but this one's been disastrous. It will be lucky if it can get back to the $7, where Buffett put his imprimatur on it. If gigantic European banks implode, you are looking at a price as low as $3. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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