April 17, 2012 1:23 PM | 1 min read |
Originally published at Fox BusinessBanking behemoth Bank of America Merrill Lynch (BAC: 8.94, +0.15, +1.71%) has reportedly hung a “For Sale” sign on its non-U.S. wealth management business.According to Reuters, BofA, the world's largest wealth manager, hopes an eventual sale of the division could generate $3 billion for the Charlotte-based company.BofA has asked possible suitors to submit a first round of bids this week for the business, which manages some $90 billion in assets for wealth clients, Reuters reported.BofA declined to comment on the report.“We just never comment on market rumors or speculation," said BofA spokesman John McIvor. Shares of Bofa had little response to the report. They were recently trading at $8.92, up 1.47% on the day and slightly outpacing a 1.18% gain on the KBW Banking ETF.Continue reading this article
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.