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1.46% 8,898.7 s&p/asx 200 financial

Bank of America Corp., the second-biggest U.S. bank, rose 30...

  1. elchagie
    3,204 Posts.
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    11/07/08
    11:20
    Post #: 3978734
    Bank of America Corp., the second-biggest U.S. bank, rose 30 cents to $22.36. The bank won't need to trim its dividend or raise cash as it renegotiates a quarter of a million loans, Chief Executive Officer Kenneth Lewis said. The company faces rising home foreclosures following the purchase of Countrywide Financial Corp.

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