Factors a Keep Can Be Positive on Financial Institution of Bank of America Corp (BAC)

New York, NY -- (SBWIRE) -- 03/11/2013 -- Bank of America Corporation (NYSE:BAC) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.

Without further ado, then, here are five reasons this bear found to be bullish on Bank of America Corp (NYSE:BAC).

1. Stunning 2012 stock performance To fans of the bank, this is no secret, but for any new readers, it's well worth noting: Bank of America Corp (NYSE:BAC) doubled its stock price in 2012. Smarties who bought or held stock at the start of last year surely watched with glee as the price rose from $5.81 to $11.61, for a return of precisely 100.17%.

2. A really inspiring (or really terrifying) valuation Bank of America Corp (NYSE:BAC)'s price-to-book ratio is currently 0.59. That's either really great, or really scary.

It's really great if you believe the superbank has completely turned itself around -- cleaning up its balance sheet and refocusing its business model. If you believe this, you believe -- at a P/B of 0.59 -- Bank of America Corp (NYSE:BAC) is a steal.

3. Bank of America Corp (NYSE:BAC) is slimming its workforce In September 2011, announced it would lay off 30,000 workers in the following few years. That's 10% of its workforce.

4. Bank of America Corp (NYSE:BAC) might be nearing the end of its crisis-related payouts The superbank just settled with government-owned housing giant Fannie Mae for more than $10 billion to settle soured mortgages, again left over from the housing boom. Some analysts -- smarter than I, no doubt -- have hailed this as the potential end of B of A's crisis-related troubles, predicting the bank will be able to really reach its full potential now that the pesky financial crisis is behind it.

5. Bank of America Corp (NYSE:BAC) has a CEO who seems to be on his game Reportedly, Brian Moynihan took on the job of B of A CEO when few others wanted it, valiantly undertaking the job of streamlining and refocusing the leviathan known as Bank of America, cutting costs and people as he deems necessary.

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