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Bank Of America Corporation (BAC) [hlAlert]

Rating:
Hold BAC

Bank Of America Corporation (BAC) downgraded to Hold by Argus

Posted on: Friday,  Feb 13, 2009  8:25 AM ET by Argus

Argus rated Hold Bank Of America Corporation (NYSE: BAC) on 02/13/2009. Previously Argus rated Buy Bank Of
America Corporation (NYSE: BAC) on 10/10/2008., when the stock price was $19.19. Since then, Bank Of America Corporation has lost 70.45% of its value until Argus rated BAC Buy on 02/13/2009, when the price was $5.67. .

NUVEEN INSD CA The Fund is registered under the Investment Company Act of 1940 asclosed-end, diversified management investment company.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2015 8:25 AM Buy
None
17.94 20.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -59.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/13/2009 8:25 AM Hold
None
5.67
10/10/2008 9:25 AM Buy
None
19.19 35.00

(*) Stock Price at the time of the recommendation.
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