BOA is a tool of the fed govt. they should have collapsed during the mortgage crisis. Instead the fed govt gave them a bailout so as to complete control them and the shareholders. BOA was forced to purchase other companies that also should have imploded. Merrill Lynch and Countrywide mortgage. Since those purchases BOA stock plummeted. Warren Buffet got a sweet deal for his $5 Billion infusion of cash into BOA. He has preferred stock which above the current common stock. Recently BOA agreed to pay the fed got Hundreds of million of dollars to the fed govt for mortgage fraud caused by...Countrywide. If you have an account with BOA you need to move to a local cu.