Reuters: Money: Bank of America denies stock offering rumors

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Bank of America denies stock offering rumors Mar 20th 2012, 13:59 Tweet Share this Email Print Related News Bank of America says does not plan to issue shares Mon, Mar 19 2012 Bank of America's stock soars after passing stress test Wed, Mar 14 2012 Fed stress tests an investor payday for some Wed, Mar 14 2012 Fed gives mostly high marks in bank stress tests Wed, Mar 14 2012 Wall Street rallies in 2012's best day, Citi falls late Tue, Mar 13 2012 Analysis & Opinion Fed's Citi logic is hard to follow Deposing CEOs: BofA, MBIA, and a tale of two hearings Related Topics Hot Stocks » Asian Markets » Money » A Bank of America sign is seen outside of a branch in Greenville, South Carolina January 18, 2012. Credit: Reuters/Chris Keane Tue Mar 20, 2012 9:59am EDT (Reuters) - Bank of America Corp said on Monday that it has no intention of issuing additional equity in a secondary offering, contrary to markey rumors that apparently lowered its stock price during afternoon trading. Bank of America shares eclipsed $10 during Monday's trading for the first time since July before sinking in afternoon trading. The shares closed down 2.8 percent to $9.53, even as the KBW Bank Index climbed .46 percent. Shares of the second-largest U.S. bank by assets have surged since the bank last week passed the Federal Reserve's stress test of 19 large banks. The shares are up 71 percent this year after falling 58 percent last year. (This story was refiled to additional subscribers) (Reporting By Rick Rothacker; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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