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Dog of the Dow #3: Bank of America (BAC)

Posted Dec 12th 2009 12:00PM by Louis NavellierLouis Navellier RSS Feed
Filed under: Bank of America (BAC), Stocks to Sell


Since the financial crisis, Bank of America (BAC) has received $20 billion in TARP funds and a guarantee to cover $118 billion in potential losses.

The result? Bank of America lost more than $2 billion in the third quarter, worse than analysts expected, and had to set aside more than $11 billion more to offset bad loans.

Next: Dog of the Dow #4: Boeing (BA)

Tags: bac, bank of america, dow stocks, louis navellier, stocks to sell, TARP

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Last updated: February 10, 2012: 03:18 PM

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