April 29, 2009 | Posted by

Pricing Power

bofaGot a letter from Bank of America (BAC) today that informed me that I am a great customer and also mentioned that B of A will be raising fees and canceling rewards on my credit card.   Maybe this is the time to own well-run bank stocks with solid balance sheets. They’ve got incredible pricing power. Though I would not touch B of A – too complex and the CEO is…, works for the government not for shareholders.

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