Bank of America Stock More Than Doubles In A Year!

In the second quarter of 2013, Bank of America’s net income grew over 60% versus a year earlier. This was fueled by an increase in net interest income and successful cost cutting even as non-interest income declined slightly compared with the prior year period. The stock price has doubled in the last year. Warren Buffet became an early investor in Bank of America. Hedge funds are buying Bank of America stock. Robert Klein at Safeguard Properties purchased Bank of America Field Services. I hope he purchased some of the stock. If he had, he would have more than doubled his investment in about a year.