It looks like some BAC moves lately may start to bring some EPS increases over the next few months. Good volume and with some more mortgage refi-s coming soon they should benefit with fees. With a high growth model in the Merrill Lynch Assets in their belly they may benefit with all the deals happening in the EU. If BAC can get their act together we should be in good shape. The Countrywide asset is the Boulder around the neck. Any mortgage clean up benefits them. With a zero rate environment they can borrow money and not have much cost of capital. Fees can make the difference in EPS. BAC-MER Investment Banking deal making ability benefits from any EU gain and it looks like its clearing up. The value of their portfolio investments in a great market increases Book Value with any increase or stability. Though Volume is slowed down it make Thats the positive side. Whats the downside?