Tuesday, March 16, 2010

Blue-Chip: Bank of America



I will buy a stock in the Bank of America's Corporation (B.A.C). It is one of the largest with a full range of banking, investing, asset management and other and risk management products and service. There are approximately 53 million consumers throughout the country due to their service which include: ATM's, online banking, and various retail banking offices. Compared to their competitors: Sun Trust Banks, Popular Inc., and Wells Fargo & Co., B.A.C seems to have the best increase of stock. They all hit a low fall on only one day of the week, but Bank of America's Corporations seems to hit the least fall, meaning it is doing better than the competitors and has the best increase in stock. Evidence of such is shown within Bank of America's data. It has previously closed at 16.85 and opened the next day at 16.97, which means the company was trading through the night and had succeeded. In addition, as of today the stock has range from 16.91 to 17.07 meaning it has only increased and thus I will conclude it will continue to do so.

Britney Mercer

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