Mortgage Settlement Could Cost Bank of America More Than $8.5B: CS

Mani

Published onFebruary 3, 2014

Updated on May 13, 2021

Bank of America Corp (NYSE:BAC) could face additional litigation and / or monetary negotiations as the recent court order doesn’t release loan modification claims.

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Mortgage Settlement Could Cost Bank of America More Than $8.5B: CS — Image: Logo

Moshe Orenbuch and Jill Glaser Shea of Credit Suisse point out that they remain on the sidelines on Bank of America Corp (NYSE:BAC) shares and assigned a Neutral rating to the stock.

Bank of America’s recent settlement

Last week, Bank of America Corp (NYSE:BAC) received court approval for...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Mortgage Settlement Could Cost Bank of America More Than $8.5B: CS

Bank of America’s recent settlement

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