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Bank of America's Stock Swoon Lingers On Dilution Concern.

Authors :
Mollenkamp, Carrick
Hechinger, John
Source :
Wall Street Journal - Eastern Edition. 10/29/2003, Vol. 242 Issue 85, pC1-C3. 2p. 1 Black and White Photograph.
Publication Year :
2003

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.

Details

Language :
English
ISSN :
00999660
Volume :
242
Issue :
85
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
11204949