In The News: BofA Raises the Roof!
Our favorite government bank (kidding), BofA, has reportedly raised $13.5 billion through a sale of 1.25 billion shares of common. In other words, they are nearly half way there…couple this capital raise with the nearly $7.5 billion they received for selling a stake in China Construction Bank and, by George, they are now MORE than half way there. Combine this with some additional capital raises, and selling a few more businesses, and they just might get all the way to the $33.5 billion – so, like I said, BofA, Raise The Roof!
