It's all in the valuations.
The timing of this agreement will save both companies a lot of pain.
The blue chips were flat today as Bank of America shares soared.
The bank soared 5%, but its small share price means it had little impact on the Dow.
Financials gain on comments from Europe and legal settlements.
A roundup of the day's best performers within the S&P 500, and what their moves mean for investors.
Bank of America is leading the Dow after a deal with mortgage insurer MBIA.
Thanks to big news from the nation's second-largest bank, the blue-chip index is holding on to modest gains in afternoon trading.
Markets are sluggish as financial stocks enjoy a good day.
Shares of Bank of America and MBIA are soaring after the companies have purportedly agreed to settle their long-running dispute.