BofA peers like JPMorgan Chase and Citigroup are down 30% and 48% respectively.
The complaint alleges that BofA misled shareholders and violated the Securities Exchange Act of 1934.
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None of these banks would comment for the record for this story (nor would BofA).
Unlike the typical bank merger, BofA gained depositors in Fleet's turf right after the deal.
Credit default swaps on BofA added 17.7 basis points to 355 basis points earlier this afternoon.
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Instead, he said, BofA would meet capital requirements by selling non-core assets and normal earnings power.
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The office locations are a good indication of where BofA is seeing the most trouble.
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BofA presciently got out of these risky mortgages years ago, sensing they'd blow up some day.
BofA gets 56% of its revenue from consumer banking, Citi and Chase more like 40%.
The answer lies in that garishly red bank branch that BofA just opened near you.
BofA has come and whether or not it will be able to give investors bigger dividends.
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BofA, though the champ in deposits, is an also-ran number five in mortgage originations.
At a BofA branch, staffers are schooled to call you by name several times.
The suit from Bharara is particularly significant for BofA because it involves Fannie and Freddie.
Bloomberg reports that credit default swaps on BofA reached their highest level since May 2009.
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In October the group sent BofA a letter demanding that it repurchase the soured mortgage securities.
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BofA almost kept pace with a 6.3% advance and Morgan Stanley was up 3%.
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BofA was taken back when Fannie requested mortgages originated in the early 2000s to be repurchased.
BofA stumbled initially Wednesday, but was up 1.2% after 30 minutes of choppy trading.
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BofA shares rose 0.3% in regular trading but slipped back 0.7% after the closing bell.
The bullish call on BofA comes after a blockbuster 110% rally over the last 12 months.
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The dispute between BofA and Fannie was sparked after the financial crisis and housing bust.
For now though, the problems at BofA are bigger than just Merrill and Countrywide.
However Treasury said though BofA has made progress it will still withhold incentive payments to the bank.
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In other words, they felt BofA duped them into buying loans that were unhealthier than they thought.
BofA knows that and wants to keep its elite Merrill advisors focused on more profitable, high-net-worth clients.
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Credit Agricole Securities Mike Mayo says BofA ended the earnings call on Monday without taking his question.
BofA shares are up a jaw-dropping 80% in 2012, and they were up 21.7% last week.
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Berkowitz wants to know how shareholders are supposed to trust the valuations being placed on BofA asets.
BofA hopes a campaign by Boston-based agency of record Hill Holliday will bump up the numbers.
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