Here are a few things that could make Bank of America a more attractive investment to the masses. Reason 1: Weakness in the banking sector that has nothing to do with Bank of America It seems like every day there’s a new headline about legal action against one of the banks related to the financial crisis. JPMorgan Chase (NYSE: JPM ) has already agreed to a massive $13 billion http://www.allcelebritygossip.com/keira-knightley-scared-about-the-worlds-ending/ settlement, and it was recently announced that the company will make a payoff related to the Bernie Madoff mess as well. Citigroup (NYSE: C ) has likewise found itself on the wrong end of many settlements. While some of the settlements lately have affected Bank of America, my point is that any major event that affects one bank tends to bring down the whole sector. The bigger the story, the bigger the drop. For example, remember what happened to bank stocks when it was announced that Bear Stearns was in dire straits? Bank of America (then regarded as a rock-solid investment) lost 5% of its value on that day alone!
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