#9 Bank of America
Ticker: BAC
YTD stock performance: 92.2%
Market cap: $114.4 billion
Fortune 500 rank: 13

After a rough 2011, Bank of America (BAC, Fortune 500) has benefited from a housing rebound and a better lending environment.

The bank's revenues and profits got a healthy boost this year from new mortgage originations and an increase in corporate lending.

Bank of America also cleared a few hurdles, including a $2.3 billion settlement with shareholders related to its acquisition of Merrill Lynch.

But the bank isn't completely out of the woods. Those profits were offset by high costs for servicing pre-crisis loans that were delinquent or defaulted.

Bank of America also added another potential litigation landmine in October, when the U.S. government initiated a lawsuit against the bank for allegedly selling defective mortgages to consumers.

The company appears to be on the right path, but the stock still has a ways to go. Shares remain 81% below their 2006 all-time high of $55.08.


Source: CNNMoney
Data as of Dec. 7 market close, provided by S&P Capital IQ.
  @FortuneMagazine - Last updated December 19 2012 02:52 PM ET
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