Monday, December 17, 2012

Bank of America stock cracks $11

Bank of America's stock price continued its recent rapid ascent Monday, finishing up nearly 4 percent to close at $11 for the first time in a year and a half.

The Charlotte bank led the Dow Jones Industrial Average on a good day for financial stocks in general. 

Some investment managers attributed the increase to more optimism that a deal would be reached on the “fiscal cliff” -- or tax increases and spending cuts set to go into effect Jan. 1.

The last time Bank of America’s shares closed at $11 was July 5, 2011.

The bank’s shares are now up nearly 98 percent this year. They’ve risen 20 percent in the past month.


Anonymous said...


Anonymous said...

thanks BOA...paying some debt off with this

Anonymous said...

Pimp that shyt, ho!

Still down over 75% since '07.