FBR Capital Markets New Price Target BAC Value $4.00 30-Aug-11 04:36 pm New Price Target BAC Value $4.00 Paul Miller FBR Capital Markets: New Price Target on BAC Value $4.00 Based upon these two events today 1) Bank of America kept AIG legal threat under wraps
2) Bank of America faces lawsuit from US Bancorp over Countrywide mortgages from 2005
Paul Miller analyst FBR Capital Markets : Every Asset BAC sells might firm up their balance sheet a little bit, not anywhere close to the multi- billion in bad mortgages that are now plaguing BAC. he said no one really knows how bad it is or really knows the capital hole that BAC has... BAC value is $4.00 per share based upon the underwater bad mortgages that are in the billions...
FBR Capital Markets New Price Target BAC Value $4.00

SG, UniCredit, Nokia deleted from top STOXX index

http://af.reuters.com/article/energyOilNews/idAFL5E7K108O20110901

SocGen, France's second largest bank, lost 32.7 percent in value last month, its biggest monthly fall since October 1998, on concerns over its exposure to the euro zone sovereign debt crisis.

Italian banks were also weighed by worries that the currency's bloc debt problems were spreading to Italy.

UniCredit and Intesa Sanpaolo, the two biggest banks in the country, shed 25 and 30 percent in August.