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Why the Worst Is Over for Bank of America

The multibillion mortgage settlement clears the way for Bank of America and will allow the bank to finally concentrate on its actual consumer and commercial banking business without being distracted by expensive and time-consuming litigation.

The Foolish bottom line

Improvements in Bank of America's underlying credit quality have also led the way for higher quality earnings, which could justify higher valuations in the future.

With a nasty litigation and settlement chapter finally closed, investors can now look forward to higher earnings and higher valuation multiples for Bank of America.

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The article Why the Worst Is Over for Bank of America originally appeared on Fool.com.

Kingkarn Amjaroen owns shares of Bank of America. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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