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Bank of America (NYSE:BAC): Current price $12.00
Bank of America Corp. Chief Executive Brian Moynihan has stated his wish for his bankers lend more aggressively to businesses, reports the San Francisco Business Times, which is poistive news for companies hoping borrow and is a promising sign for the economy, according to Mark Calvey of the SFBT. Furthermore, this reflects the necessity for Bank of America and its rivals to discover avenues of growth while both new regulations and the Fed’s low-rate policies continue to place pressure on the profits. Also, banks have been dealing with people paying off loans and business owners not wishing for much finance expansion.
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