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Fly News Breaks for March 12, 2015
BAC
Mar 12, 2015 | 07:08 EDT
After Bank of America announced that the Fed did not object to its 2015 capital plan but asked the bank to address certain deficiencies in its modeling practices and internal controls and then resubmit the plan, RBC Capital is encouraged that the company can proceed with its quarterly buyback plans in Q2 while preparing the resubmission. The firm says that the bank's risk/reward ratio is attractive. It keeps an Outperform rating on the shares.
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