Ieva M. Augstums at the Associated Press just reported:
"Shares of Barclays
PLC rose more than 4 percent Friday after an investment analyst advised
clients that Bank of America Corp. may be interested in bidding for the
London-based banking company."
"Bank of America has previously indicated that the next phase of its
expansion is to become a leading global commercial and investment
bank," Merrill Lynch research analyst Edward Najarian wrote in a note
to clients Friday. "In order to achieve that goal, we believe Bank of
America is very interested in acquiring Barclays."
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.