In this video, John Maxfield details the last legal problem Bank of America (BAC +0.96%) faces regarding the sale of mortgage-backed securities to private investors. We know that $700 billion of such securities were sold to hundreds of private investors, and the lawsuits they have brought against Bank of America are without precedent. While these legal woes don't help the company, John explains why they won't break the bank, either.
Bank of America's Final Legal Hurdle
By John Maxfield – Feb 21, 2013 at 4:04PM
NYSE: BAC
Bank of America
Market Cap
$396B
Today's Change
(0.96%) $0.51
Current Price
$53.54
Price as of October 31, 2025 at 3:58 PM ET
BAC's last legal hurdle to jump is a big one.
About the Author
I write about banks, trying my best to balance the good and the bad.