Bank of America (NYSE:BAC) is seeing a high volume today on Wall Street, trading close to 1% higher with over 141 million shares actively moving on the floor.This is because of Bank of America’s earnings release scheduled for this Thursday April 19th. Analysts are expecting the bank to post an EPS of $0.12 with revenues of $22.51 billion.Bank of America is also topping the news today after Ambac Assurance announced they will be suing the bank in New York state court on a breach of contract over a mortgage-backed securitization. Ambac claimed fraudulent inducement and breach of contract in the suit and asked for unspecified punitive and compensatory damages.
