The Bull Case for BofA Is Simple

Albert Einstein famously remarked that things should be kept as simple as possible and no simpler. The bullish case for Bank of America (BAC) is one that is best understood by keeping it as simple as possible.

For years, analysts have been very skeptical of BofA because of things like lawsuits, asset writedowns, capital ratios, and the like. Those are all very important variables, but the reality is that not even the smartest analyst can ascertain with any degree of accuracy what the outcome will be. So, the easy answer is avoidance. Highly respected Wall Street analyst Meredith Whitney, who wouldn't touch BofA at $7, called it one the most compelling ideas going forward when shares were trading for $11 or so....423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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