Bank of America Downgraded by Bank of America, Then Upgraded by Bank of America

In an unprecedented move, Bank of America's own internal analysts have downgraded their own bank citing concerns about the overhang of CountryWide and the increasing and seemingly never ending lawsuits surrounding its mortgages liabilities. "We just don't expect to see a solution worked out related to all of these lawsuits any time soon. We see this overhang continuing in the second half of this year, and we also think there are plenty of other banks without so much overhang that you would be better off buying," the analyst wrote in a market note. "Plus, Bank of America is not paying

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Tagged bank of america, downgraded, nonsense