Bank of America is the target of the next "MegaLeak" from WikiLeaks. WikiLeaks apparently has tens of thousands of documents from a big US bank that would be released earlier this year. Despite Assange's refusal to name the bank, the consensus has long held that Bank of America is the target. Although Assange described the documents as depicting an "ecosystem of corruption" it is always possible that the documents will not reveal much that we do not already know. It's not as if many people believe that Bank of America is a shining example of ethical purity. If WikiLeaks do release this information to the public this could have a negative effect on the shareholder of BAC, because the stock market is currently on a rise with BAC increasing from $10.90 a share to about $14.70 over the past month and it is also said that it will keep on increasing throughout this year and even exceed the 52-wk high (19.86).
I personally believe that unless WikiLeaks has a big inside scoop on some fraudulent acts, this will not affect the image of the company, because people are usually aware that these banks are not showing a good example of "ethical purity".
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