Bank of America's stock price has been whipped about recently in part by the uncertainty created by WikiLeaks founder Julian Assange, who has boasted he had information that could "take down a bank of two." Many people assumed he was referring to Bank of America, as he had previously indicated he had information on the bank. Since then, Bank of America has taken a skeptical public stance, even though I'm sure there is out-of-sight, war-room activity underway.

Analyst Richard Bove has weighed in with a note to clients, suggesting that WikiLeaks is bluffing. "It may just be the case here that the sound is greater than the fury. It is highly questionable that Mr. Assange has new information about Bank of America, " he wrote, according to CNBC.

What's the worst WikiLeaks could have? Bove writes that worst is "the notion that memos could exist showing Bank of America knew it was creating toxic securities for investors buying into the subprime mortgage market." That's a charge we've heard before regarding Goldman Sachs.

WkikiLeaks might also have some documents pertaining to the on-going foreclosure fiasco, signs perhaps that the company had an indication of just how shoddy its legal work was. But we've seen evidence of that in various court cases. None of this would be earth shattering.

That said, it's likely the site does have some documents, and the contents may well surprise us.

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