Bank of America Report updated

Bank of America is updated and rated (higher) Buy at $17.48. This bank has finally put (hopefully) virtually all of the large financial crisis related litigation settlements behind it. If earnings in these next two quarters can match the performance of the previous two then the trailing P/E ratio is going to decline to about 11 (at the current stock price), which is attractive.  The bank is selling at 84% of book value and 119% of tangible book value which is attractive.

I added to my position today. I used funds in the U.S. dollar part of my account. Canadian investors should use funds that they have more or less permanently allocated to U.S. dollars or, if not, they should consider the currency risk.