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Analyst Meredith Whitney Gives BoA a "Big Wet Kiss"

meredith whitneyStar analyst Meredith Whitney, who correctly predicted Citigroup's troubles three years ago, "backed" Bank of America shares (Ticker: BAC) on Bloomberg Radio yesterday, stating the bank won't need to raise more capital and that CEO Brian Moynihan was the right man for the job. (Moynihan has been taking a licking, and rumors about BofA being taken over abound. By the way, she is bearish on muni bonds, stating that many municipalities are basically in danger of bankruptcy.

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