May 3, 2015
The report for Bank of America is updated and the stock is rated Speculative (higher) Buy at $16.11. The thesis for owning Bank of America is that its stock price could rise substantially once it is able to string together four quarters without a large litigation settlement to matters dating back to the financial crisis. Also it may soon announce an increase to the dividend. (It has to have permission from the Fed to do that and I am not sure where that stands.)
On Friday, the S&P 500 rose 1.1% and Toronto was up 0.8%.
Canadian National Rail was up 2.8%. The RioCan pref share rose 2.5% and the rate reset pref shares in general had a strong week.