Bank of America (BAC) Stock Called 'Worthless' in New Research Report
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Bank of America Corporation (NYSE: BAC) is seeing weakness today following research suggesting the equity is "worthless"
According to a research report from Valueinvestorclub.com posted at ZeroHedge.com: "Bank Of America equity is worthless. CFC-related litigation is going from bad to worse, it can lead to violent erosion of shareholders' equity which. Combined with the run on the bank that has slowly begun, the $53 trillion in derivatives, the lack of sustainable competitive advantages and the depleting political influence, I believe this is a terminal short."
Shares of BAC are down 2.5%.
According to a research report from Valueinvestorclub.com posted at ZeroHedge.com: "Bank Of America equity is worthless. CFC-related litigation is going from bad to worse, it can lead to violent erosion of shareholders' equity which. Combined with the run on the bank that has slowly begun, the $53 trillion in derivatives, the lack of sustainable competitive advantages and the depleting political influence, I believe this is a terminal short."
Shares of BAC are down 2.5%.
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