Tomahawk, WI 01/14/2014 (BasicsMedia) –  Bank of America Corp (NYSE:BAC) releases its Q4.13 data on Wednesday January 15. This will be a moment waited by many investors including those already invested in the stock and those thinking of being invested in the stock. For those who have been following the company in recent times, there will be very little to be surprised or a shamed about BAC.

As the title of this article captures it, Bank of America Corp (NYSE:BAC) is out of danger at the moment. And whatever the management presents in Q4 data, it will be just a reaffirmation of this fact.

Bank of America Corp (NYSE:BAC) continues its house-cleaning to clear the financial crisis messes. While the stock sits well below its book value, it is well above its 2011 lows. That the stock remains lower than book value is reason enough for investors to be happy in that this suggests that the stock still has upsurge opportunity despite recent gains.

The bank is now healthy by most measures. The efforts to stabilize the stock price, lower expenses and exit non-core investments are bearing fruits in a faster pace. Bank of America Corp (NYSE:BAC)’s stock has peaked up more than 38 percent over the past 12 months. It leads its peers JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) in this front.

That being said, it should also be acknowledged that BAC is making this progress when it is most impacted by the controversial mortgage-backed securities transacted to government-supported Fannie Mae and Freddie Mac among other institutional and individual investors.

Towards shoring up its operations after the impact of financial crisis, the bank is fighting a long battle of reducing its workforce. This is an ongoing process in which the bank has already slashed its workforce by 10 percent over the past 18 months.

Moreover, the bank is reducing its brick and mortar presence and instead embracing mobile and internet banking as strategies to drive down operating costs.

It should also be recalled that Bank of America Corp (NYSE:BAC) is doing well so far in terms of debt reduction and this has been instrumental in returning life to its balance sheet.

Note that compared to peers, BAC registered the most impressive run in 2013, unfortunately the efforts which the bank is making has escaped some analysts who continue to hand doubts with the company. At least the above achievements are reasons enough to give credit to the bank’s management and have more hope in the Brian Moynihan team to continue engineering turnaround for the company.

That Bank of America Corp (NYSE:BAC) has decided to confront the legal challenges it is facing in connection to Countrywide Financial acquisition means that the future is going to be without much trouble. Perhaps this should sooth investors who are worried by the bank’s penny dividend. The bank is heading into a position where it can start raising dividend and putting back more money to investors in stock buyback.

Bottom line

Expect no big surprise from Bank of America Corp (NYSE:BAC)’s Q4 if you’ve been following the stock. All that will come is reaffirmation that the management is getting things right in terms of engineering the company back to its glory days. That said, and looking at the ground preparing that has been going on, BAC’s fair market price is expected to come to $20 by 2H2014.

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