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Shares of Bank of America (NYSE: BAC) plunged over the past month on concerns about write-offs from its Merrill Lynch unit and fears that the firm might be nationalized to keep it from failing. Over the 30 days ending on Thursday, the stock moved down 60% before recovering on Friday by rising 26% to $6.13.

Ken Lewis, the bank's CEO, has made public comments that his company is fine and will not need more capital from the government. Skeptics argue that he is simply trying to keep his job.

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Bank of America (BAC) shares could double in a week originally appeared on BloggingStocks on Sat, 07 Feb 2009 06:42:00 EST. Please see our terms for use of feeds.

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