Bank of America Corp (NYSE:BAC) shares rose by 2.27%

by Darcie | Friday, Jun 21, 2013 | 1010 views

Northern, WI 06/21/2013 (usastockreport) – The share prices of Bank of America Corp (NYSE:BAC) had surged by 2.27 percent to close at $12.89 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $12.80 to $13.14 per during the day, which had pushed the company to hit new peaks. The shares of Bank of America Corp (NYSE:BAC) had a market capitalization of $139.01 billion. The stock opened at $13.08 per share.

Bank of America Corp (NYSE:BAC) reportedly looks to unload eight branches in Northeastern Pennsylvania. As the nation’s second largest bank shifts its attention and money elsewhere, it plans to divest of its branches in Northeast Pennsylvania and New York 41 offices in all – according to news reports attributed to anonymous Bank of America Corp (NYSE:BAC) employees.  The refinancing boom is actually already slowing, which has led Bank of America Corp (NYSE:BAC) to shift its focus back to home loan originations new home loans.

Bank of America Corp (NYSE:BAC) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbanking subsidiaries throughout the United States and in international markets, the Company provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Banking, Global Markets and Global Wealth & Investment Management (GWIM), with the remaining operations recorded in all Other. In February 2013, announced the sale of International Wealth Management Business outside the United States to Julius Baer Group. Effective March 20, 2013, it acquired 10.4% interest in Freenet AG. The company had an institutional investor’s shareholdings as 59 percent. Bank of America Corp (NYSE:BAC) had an average volume of 126.10 million.

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