Avoiding collapse, Bank of America Corporation (NYSE: BAC) brings future for Dow Jones Industrial

Dow Jones Industrial grows as Bank of America Corporation is gaining points

In brief: Dow Jones Industrial Average continues to make steady upward, Bank of America Corporation (NYSE: BAC) teased bulls.

The DJIA is under the influence of positive European stress tests. Bank of America Corporation (NYSE: BAC) continue to grow. U.S. banking sector rises higher against the stability of the European giants. Return of mortgage market supports. Dow Jones Industrial approaching the mark of 10,499.62 points, gaining +75.00 (0.72%) to the end of the trading session.

Bank of America Corporation (NYSE: BAC) is 14.10 points. Trading volumes are growing on a background of successful stress test. Bank of America gained +0.36 points (2.62%) and close to the boundary mark of 14.15 points. Thus, stress tests have not passed the Greek ATEBank, Germany’s Hypo Real Estate, as well as five Spanish banks: Unnim, Diada, Espiga, Banca Civica and Cajasur. The only criterion by which European regulators determined, passed this or that bank stress test, just and became the bank’s ability to maintain capital adequacy level 1 level above 6% in the worst-case scenario in the economy. In total, these seven banks will need additional capital amounting to 3.5 billion euros to reach the level of transmission of stress tests.

Ukrainian Globalist
2010-07-26 19:40, Economics.

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