Bank of America on Pins and Needles, Again

By Jessica Alling – Sep 30, 2013 at 1:07PM

NYSE: BAC

Bank of America

Market Cap

$277B

Today's Change

(1.59%) $0.55

Current Price

$35.23

Price as of April 17, 2024, 4:00 p.m. ET

With another delay in its legal settlement, B of A may provide investors with a longer window to get in on a value play.

Bank of America (BAC 1.59%) has just ended day 31 of its hearing over the $8.5 billion settlement with investors of some mortgage-backed securities. But with more testimony needed, there will be yet another delay in resolving the bank's troubles. With both Bank of New York Mellon (BK 0.85%) and American International Group (AIG -1.67%) playing big roles in the hearing, investors may be wary of the pending outcome. In the video below, Motley Fool contributor Jessica Alling discusses the current setbacks and why they may actually be a good thing for investors.

Fool contributor Jessica Alling has no position in any stocks mentioned. The Motley Fool recommends American International Group and Bank of America. The Motley Fool owns shares of American International Group and Bank of America and has the following options: long January 2014 $25 calls on American International Group.

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