Bank Of America 6% Preferreds: The Fed's Not Cutting (Rating Downgrade)

Bank of America Tower, Charlotte NC hapabapa Bank of America (BAC) is one of my core portfolio holdings. Up about 30% from my average cost, it has been a success for me. I’m quite comfortable holding Bank of America stock today and for the foreseeable future. However, it might surprise you to learn that I don’t care to buy more. It’s not that I don’t think that BAC will rise from today’s level -- given enough time it likely will -- it’s just that it’s no longer the extreme value opportunity it was at the ...