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  • Bank of America Corp. (NYSE:BAC) What You Should Know Today

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    Wednesday Apr. 06, 2011 at 11:11 am EST
     
    Bank of America Corp. (NYSE:BAC): Market Update 
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    As per latest reports from Bloomberg, Bank of America Corp. (NYSE:BAC) and other major mortgage service providers may sign a deal with Fed to avoid an expexted $20 billion in penalties for faulty foreclosure.

    Bank of America Corp. (NYSE:BAC) will definitely benefit from this as investors are highly skeptic about the future of Bank of America Corp. (NYSE:BAC) amidst the foreclosure issues.



    Shares of Bank of America Corp. (NYSE:BAC) are trading at $13.60 below resistance level of $13.69. Major support levels for Bank of America Corp. (NYSE:BAC) below current price are at $13.36, $12.48, $11.81 and at $11.2. Resistance levels above current price are at $13.69, $14.1 and at $14.48.


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