Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 9, 2014

Market Chatter-Corporate finance press digest, (NYSE: BAC), (NYSE: JPM)

The following corporate finance-related stories were reported by media: * Bank of America Corp has clinched a deal to provide inventory and working capital financing to the biggest oil refinery on the East Coast, replacing JPMorgan Chase & Co with a revamped arrangement that excludes physical supplies, according to a source familiar with the deal.* Malaysia's CIMB Group, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) have agreed on a merger deal that will create the country's biggest banking group, a source with direct knowledge of the matter said.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 1.42% or $0.24/share to $17.12. In the past year, the shares have traded as low as $13.80 and as high as $18.03. On average, 76090896 shares of BAC exchange hands on a given day and today's volume is recorded at 101266800.

JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 1.91% or $1.13/share to $60.40. In the past year, the shares have traded as low as $51.30 and as high as $61.85. On average, 13061700 shares of JPM exchange hands on a given day and today's volume is recorded at 15834553.



Source