May 5, 2008
Financial stocks fall, Countrywide off 13%
“Bank of America ( BAC : BAC , , ) should completely walk away from the Countrywide ( CFC : CFC , , ) deal, as CFC's loan portfolio will prove a drag on earnings and could force BAC to raise additional capital.”
Shares of Countrywide Financial fell 13 Monday morning after one analyst said that Bank of America should abandon plans to buy the country's biggest mortgage lender. via Market Watch
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