Dow Stock #2 –
Bank of America (BAC)
Since the financial crisis, Bank of America (BAC) has received
$20 billion in TARP funds and a guarantee to cover $118 billion in potential losses. The result? Bank of America lost more than $2 billion in the
third quarter, worse than analysts expected, and had to set aside more than $11 billion more to offset bad loans.
See Louis Navellier’s FREE Portfolio Grader stock
report on Bank of America.