Posted by: pat December 2, 2009
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After normal trading hours today, Bank of America announced that it will repay the $45 billion government bailout funds. This is a huge news for investors because BAC does not have to answer to the government now. The only catch is that BAC is generating $18.8 billion cash by selling securities. That might cause some dilution, but I believe the news of getting out of Conservatorship will oeverwhelm the effects of dilution.
So, Stock Pick For Tomorrow - BAC
Sources:
http://www.stocksnewbie.com/stock-pick-for-tomorrow-bank-of-america-bac/
http://www.marketwatch.com/story/bank-of-america-to-repay-45-bln-from-tarp-2009-12-02?siteid=yhoof
So, Stock Pick For Tomorrow - BAC
Sources:
http://www.stocksnewbie.com/stock-pick-for-tomorrow-bank-of-america-bac/
http://www.marketwatch.com/story/bank-of-america-to-repay-45-bln-from-tarp-2009-12-02?siteid=yhoof
Last edited: 02-Dec-09 09:35 PM