Bank of America (BAC) to Settle with FHFA

Shares of Bank of America Corp. (BAC) were up +0.15 or +0.87 percent to $17.33 per share in pre-market trading on Thursday, after the company announced late yesterday that it would settle litigation over mortgage securities sales with the Federal Housing Finance Agency or FHFA. Bank of America stock closed at $17.18 per share, down -0.03 or -0.17 percent in Wednesdayâ s regular trading session.

Charlotte, North Carolina based Bank of America Corporation, is the fifth largest U.S. company by revenue and the second largest bank holding company by assets. After the bankâ s 2008 acquisition of Merrill Lynch, the bank became the worldâ s largest wealth management company and gave the company a prominent position among investment bankers. The bank is one of the â

Published on Mar 27, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2016. Content published with author's permission.

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