Bank of America Warrant Holders Could Reap 4,000 Percent Returns
This article is for subscribers only.
Holders of a little-known security tied to Bank of America Corp.’s stock price may be rolling in the dough.
A series of securities known as Bank of America TARP B warrants, issued in the wake of the financial crisis in 2009 with a strike price of $30.79, are set to pay out after the stock surged past that point for the first time on Friday. Shares closed at $31.19, up from $30.66 a day earlier.