The Bank of America is the second largest financial service provider in the US. It has an extensive branch and service centre network and has a long history of acquiring other firms. In 2003, the Bank of America acquired the Fleet Boston Financial Corporation which enable the firm to become the fourth most profitable company in the second largest financial service provider in the worldThe stock price of the Citicorp in February 2003 opened at $69.25 and closed at $69.24. The highest stock price reported in the month was at $70.10 with the lowest being $68.90 and the volume being traded at $25,040,800. The adjusted closing stock price for splits and dividends for the month stood at $27.04. In October 2003, the month of the merger the opening price was at $78.45, the closing price was at $75.73 with the highest price $80.00 and the lowest price $74.58. The volume traded was $20,064,200, with the adjusted closing stock price as $30.41. Two years after the merger in October 2005, the opening price was at $42.47, the closing price was at $43.74 with the volume being traded $13,816,800. The highest and the lowest prices were at $44.09 & $41.38 respectively with the adjusted closing price at $38.09
These are excerpts of essays please place order for custom essay paper, term papers, research papers, thesis, dissertation, book reports and case studies.