Whitney Sees No BofA ‘Mad Dash’ to Raise Capital: Tom Keene

Meredith Whitney, the bank analyst who correctly predicted Citigroup Inc.’s dividend cut three years ago, said Bank of America Corp. has no urgent need to raise capital. The shares rose 11 percent.

“I don’t think that there’s a mad dash to raise capital immediately,” Whitney said today in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “They’re going to steadily raise capital over time.”