Bank of America Corporation (NYSE: BAC) will rise higher against the background of profit growth
Wednesday, August 11th, 2010Bank of America Corporation (NYSE: BAC) completed the bidding at around 13.63 points, losing -2.01%. At the same time, the bullish trend may come back very quickly. CEO of BofA Brian Moynihan said the bank intends to reduce the cost of a unit serving credit cards, during the third quarter, as the restrictions imposed by the new rules regulating financial markets at the commission income may negatively affect the company’s annual revenues.