Bank of America Corporation (NYSE: BAC) may climb higher as the China Construction Bank gets profit

China Construction Bank quarterly profit rose by 20%

In brief: Bank of America Corporation (NYSE: BAC) is ready for recovery, - the Open Knowledge experts say.

Bank of America Corporation (NYSE: BAC) will begin trading in the green zone today – the analysts say. Bank of America Corporation (NYSE: BAC) shares rose to +0.13 points (1.01%) in the late Pre-market trading, reaching 13.00 points.

Meanwhile, the second largest in the world by market capitalization lender China Construction Bank recorded 20% increase in profits for the second quarter due to stronger demand for loans and other services. Thus, the net profit for the second quarter to end June 30 rose to 29.55 billion yuan a year earlier to 35.6 billion yuan ($ 5.2 billion). Analysts expected profit at 34.3 billion yuan.

Igor Tringlers
2010-08-23 12:03, Economics.

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