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  • Bank of America Corp. (NYSE:BAC) Gaining as CEO Optimistic

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    Tuesday March 8, 2011 at 02:14 pm EST
    Bank of America Corp. (NYSE:BAC) Gaining as CEO Optimistic
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    Bank of america Shares spiked Today as Oil Prices fell on reports that Libya might see a peaceful end to the crisis. Bank of America was the major gainer in Financial Market after the CEO Brian Moynihan said that Bank will be concentrating more on increasing business, cutting costs and not on acquisitions. he also said that Bank of America will be able to earn $35-$40 billion once it gets stabilized. Other Banks that gained Today are American Express, Wells Fargo, Citigroup and JP Morgan Chase.

    Shares of Bank of America Corp. (NYSE:BAC) are trading at $14.64 just below resistance level of $14.93. Major support points for Bank of America Corp. (NYSE:BAC) below current price are at $14.24, $13.694, $13.54, $13.11, $12.71 and at $11.6. Resistance level above current price is at $14.93.

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