Bank of America Corp (BAC) Under $10 Forever?

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CEO Brian Moynihan is more than competent, but he’s no Jamie Dimon, Lloyd Blankfein, or Michael Corbat. I just don’t get the feeling Moynihan has any kind of personal vision for the bank. He’s a fine caretaker, and he’s certainly better than Ken Lewis, but that seems to be about it. Leadership can make all the difference, and I just don’t see it at B of A right now.

B of A is off to a slow start to 2013, and while I think it’s unlikely investors will have to face the psychologically debilitating effect of seeing $9.99, or worse, next to their beloved superbank’s ticker, they shouldn’t expect much more.

The article Is Bank of America Destined to Trade Below $10? originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of Citigroup and JPMorgan Chase. Follow John’s dispatches from the bleeding edge of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends and owns shares of Wells Fargo. It owns shares of Bank of America, Citigroup, and JPMorgan Chase.

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