Wednesday, September 7, 2011

BAC Google Finance Stock Quote Bank of America Share Value; Credit Debit Card Services to Promote Share Value; DJIA Close Review

Primary stock indices in the U.S. experienced a rebound during the last trading
session in the U.S. Although economic reports have been mixed lately, and the
three prior stock sessions in the U.S. ended red, Wednesdays trends pushed into
positive territory. The Feds Beige Book report posted and reiterated that the
economy in the U.S. continues to move forward at a moderate pace. All three
primary stock indices in the U.S. ended the last session on the positive side of
break even. The Dow Jones Industrial Average closed out higher by 2.47 percent
or 275 points at 11,414.86. The Nasdaq and S&P 500 closed out higher on the day
as well. Even though positive trends that were observed with the primary indices
in the marketplace, Bank of America posted news of potential layoffs and shares
for the year are about 44 percent lower this year at this point. The news
stemming from Bank of America relays that layoffs are imminent and the number of
layoffs are likely to be higher than originally anticipated. A big chink of
senior executive staff was eliminated and investors perceived this news as
positively skewed. According to Google Finance, BAC shares moved higher on the
day by 7.01 percent to 7.48 as of close for September 7th. Bank of America is
attempting to increase interest in the company by offering services relating to
credit and debit cards. The bank offers 24/7 services in an attempt to keep
share values actively moving in a positive direction. Frank Matto

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