BAC and C are very speculative plays at best. I think BAC has strong potential, but who knows what will happen next. For a very long time both banks will not be able to pay any dividends worth talking about. I go with more solid banks in growing markets that pay good dividends and will likely increase them. Most of them have gone up 50% or more since March. A couple of examples:
- almost all Chinese banks
- STD Banco Santander
- HBC HSBS
- ITUB Banco Itau from Brazil
- DBS Singapore
Good luck :-)
PS: I bought BAC when they were 3.20 ... and sold them at 5 ..... SHITTTTT, just 50% profit :-(
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