Two people fully-associated with the matter enlightened that Bank of America (NYSE:BAC), banking and financial services provider, has appointed J. Nicholas McKee from Citigroup (NYSE:C), Bloomberg reports.Nicholas McKee had worked on the position of co-head of corporate and investment banking group for power companies at Citigroup.
Moreover Bank of America Merrill Lynch disclosed that its first Asia Pacific survey of CFOs (chief financial officers), collected 465 responses from Australia, China, Hong Kong, Singapore, India, Japan and Korea from CFOs of companies with annual turnover of at least US$500 million.
Bank of America also announced 34% growth in health savings accounts in 2011. The credit of growth is given to rise up in account use among employees of existing corporate clients, and new relationships with individuals and employers.

Bank of America Corp (NYSE:BAC) witnessed volume of 355.45 million shares during last trade however it holds an average trading capacity of 312.25 million shares. BAC shares opened at $8.04 reached intraday low of $7.92 and went -0.87% down to close at $8.02.

BAC shares price distanced by +5.04% from 20 days average, +22.29% from SMA50 and +0.93% from SMA200. Similarly, the shares performance calculated for a week provided negative result of -0.62%, 15.23% for a month and Year-to-Date performance was 44.24%.

The company has an Enterprise Value of $171.62 billion where in most recent quarter it had a total cash in hand amounted to $599.63 billion with a 20.80 book value per share. The beta value of 2.27 signifies to the movement of price with the market condition. The percentage of holdings by the insider in BAC is 0.02%.

Its past twelve months increase in return from assets was 0.07%, and return on equity remained 0.03%. The net profit margin in last 12 months grew up to 1.55% and in most recent quarter debt to equity of -2.97 giving a view of company’s reliance on taking loans.

The Company’s year to year quarterly revenue growth was 27.10% and Net Income Available to Shareholders reached to $85.00 million with the diluted EPS of 0.01.