Bank of America Corp. (NYSE:BAC) said it is doing well in investment banking, a key area of its business.
Investment Banking Up For Bank of America Corp. (NYSE:BAC)
Bank of America (NYSE:BAC) is gaining ground in the strategically important service area of providing investment banking services to financial companies.
“The combination of the Merrill Lynch investment banking franchise and the Bank of America capital and corporate banking relationships have been a great combination and its worked out exceedingly well for us,” says Bill Egan, head of the bank’s financial institutions group.
Bank of America Corp. Stock Info
As of 9/3/2010 (Last trade – 11:42am), the Bank of America Corp. (NYSE:BAC) stocks are sitting at 13.42.
Over the past three months there has been a -16.0% movement in the Bank of America Corp. (NYSE:BAC) stock price.
Last Price: 13.42
52 Week Low / High: 12.18 / 19.86
Market Cap: 134650000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 1 out of 14
We’ll be keeping a close eye on the Bank of America Corp. (NYSE:BAC) stock level for developments over the next few weeks.
