Are Kind Words Really Behind the Bank of America Corp (BAC) Rally?

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Without a crystal ball at my disposal, I will say that, in the absence of any really ruinous news, I think B of A will tend to stay higher for a while. I think this because I believe that the anticipation surrounding the bank’s performance on the Federal Reserve’s upcoming stress tests is running so high that it will take some pretty apocalyptic news to bring down investors’ high spirits. With Bank of America looking so stout and healthy these days, I can’t say that I blame them.

The article Are Kind Words Really Behind the Bank of America Rally? originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends AIG and Wells Fargo; owns shares of AIG, Bank of America, Citigroup, and Wells Fargo, and has options on AIG.

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