Considering it is a financial company that is trading close to a 52 week high, I doubt it.
I think your looking at 3 main US banks moving forward. Bac, wells, and jpm
Plus now these banks probably can ditch all those bad mortgages. Earnings will suck, but these bank will have people’s deposits.
Mr bac ceo is looking like a frickin genius now. He gets to keep all of countrywide’s and merill’s good assets(deposits, etc) and jettison all the problem assets to us taxpayers
