Bank of America (NYSE:BAC) Removes Ford (NYSE:F) From "US-1" List

Bank of America (NYSE:BAC) has reportedly removed Ford (NYSE:F) from their "US-1" list, while adding Magna International (NYSE:MGA) to the list.

Ford got battered after the news came out earlier in the trading session but has rebounded back to where they were when the reports came out.

They are trading at $16.50, up by $0.22, or 1.35 percent at 11:49 AM EST. That's where they were trading when they were found to be removed from Bank of America's list.

Ford also is expected to be net cash positive sometime in 2011.