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  • Bank of America (NYSE:BAC) Provided $685 Billion in Credit in 2010

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    Monday Feb 7, 2011 at 09:49 pm EST
    Bank of America (NYSE:BAC) Provided $685 Billion in Credit in 2010
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    Bank of America Corp. said Today it provided more than $685 billion in credit to individuals, small businesses, nonprofit organizations and large companies last year which is down 9.6% compared to 2009.

    Spokeswoman Colleen Haggerty said the decline from $758 billion in 2009 reflected lower demand for loans in the first half of 2010. She said there were sequential increases in lending in each of the four quarters in 2010.

    Shares of Bank of America Corp. (NYSE:BAC) closed at $14.67 on Monday above the resistance level of $14.39. Major support points for Bank of America Corp. (NYSE:BAC) below current price are at $14.39, $13.67, $12.5, $11.95 and at $11.6. Resistance levels above current price are at $14.95 and $15.57.

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