Nothing Can Get in Bank of America Corp (BAC)’s Way Today

In the second case, Bloomberg News reported this morning that B of A attracted “record new assets last year to its unit servicing retirement and other employee-benefit plans.” According to the report, the bank increased its retirement-related assets by $24.3 billion, or 28%, on a year-over-year basis. As a spokesman for the bank noted: “It is critically important for the bank overall to have a robust retirement business. It’s the starting place for many employees and individuals toward their long-term financial security.”

And finally, while one should always be suspect of analyst upgrades and downgrades, as they often come too little and too late, it can’t be denied that they influence daily market swings. On this note, the investment bank Keefe, Bruyette, and Woods upgraded B of A to an “outperform” from a “market perform.”

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The article Nothing Can Get in Bank of America’s Way Today originally appeared on Fool.com and is written by John Maxfield.

John Maxfield owns shares of Bank of America. The Motley Fool recommends American International Group (NYSE:AIG), Berkshire Hathaway, and Goldman Sachs. The Motley Fool owns shares of American International Group, Bank of America, Berkshire Hathaway, and JPMorgan Chase. and has the following options: Long Jan 2014 $25 Calls on American International Group.

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