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

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dow2664 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 Fed’s 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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