1. Bank of America's Stock Swoon Lingers On Dilution Concern.
- Author
-
Mollenkamp, Carrick and Hechinger, John
- Subjects
- *
BANK mergers , *BANKING industry , *MERGERS & acquisitions , *STOCK prices , *COST effectiveness - Abstract
Focuses on the continued devaluation of Bank of America Corp.'s stock. Percentage decline in Bank of America's share price since its acquisition of FleetBoston Financial Corp. was announced; View of analysts that the swoon in stock price could linger; Speculation that the price paid by Bank of America for FleetBoston; Comment from Frank Barkocy, director of research at Keefe Managers Inc., regarding the bank's plan to cut costs while not cutting many jobs; Reaction of Bank of America to the criticism they are receiving for the price paid to acquire Fleet.
- Published
- 2003