Monday, October 24, 2011

Bank of America Corporation (NYSE:BAC) Expands Advisor Hires

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tdp2664 E money daily Bank of America Corporation (NYSE:BAC) Merrill Lynch hired 475 advisers in Q3. Bank of America Corporation (NYSE:BAC) Expands Advisor Hires It has been reported that Bank of America Corporation (NYSE:BAC) Merrill Lynch hired 475 new financial advisers in the third quarter. Merrill also hired 31 financial solutions advisers, who are salaried employees who serve self-directed investors in the Merrill Edge financial platform. Merrill added to its adviser ranks and attracted $4.5 billion in new long-term assets to the firm. Selena Morris, Bank of America Corporation (NYSE:BAC) Merrill Lynch spokeswoman, said that, “many of the new advisers are trainees without books of business”. Bank of America Corp. (NYSE:BAC) shares were at 6.46 at the end of the last day’s trading. There’s been a -36.2% change in the stock price over the past 3 months. Bank of America Corp. (NYSE:BAC) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.3 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.16 Zack’s Rank: 2 out of 15 in the industry



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