AT&T Inc. (T), Bank of America Corp (BAC): Dow (.DJI) Sapped of Energy, Loses Record Highs

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Bank of America Corp (NYSE:BAC)’s rise this morning also comes before a big hearing date later in the week. Though it seems that the looming date isn’t bothering investors quite yet, we could see a big swing in momentum for the bank if things don’t go its way. At stake is the $8.5 billion settlement between the bank and 22 institutional investors over 530 mortgage trusts sold by the acquired Countrywide. Currently there seems to be a question up in the air that could change everything and leave Bank of America Corp (NYSE:BAC) with a big bill to pay.

The article Dow Sapped of Energy, Loses Record Highs originally appeared on Fool.com.

Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool owns shares of Bank of America and JPMorgan Chase (NYSE:JPM).

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