Bank of America (NYSE:BAC) is about to announce results. JPMorgan and Wells Fargo are out there already. Bank of America has had some problems in the past so while it’s still buy on rumour and sell on news chew on this tidbit for a while.
A systemically important institution of this size and complexity is inherently unmanageable. Obama regulators could decide to break up the company. Standard Oil was broken up and it all turned out good even for the Rockefeller’s.
George Gutowski writes from a caveat emptor perspective.