Bank of America Corp (NYSE:BAC) Proceed with Four Additional Branches Closure in Latest String of Closings - BNS, OFG, CM

Pompano Beach, FL -- (SBWIRE) -- 12/26/2012 -- Bank of America Corp (NYSE:BAC), the leading bank in Massachusetts, intends to close four further branches in the state in March, counting one near Boston City Hall, the newest in a string of closings.

Should BAC a Buy or Sell Now? Find Out Here

The Charlotte, N.C., bank, which is in the process of diminishing its network of branches across the country, announced that it intends to shutter offices at 3 Center Plaza in Boston, One Chace Road (Crossroads Common) in Freetown, 181 Court St. in Plymouth, and 3065 North Main St. in Springfield.

Additionally, the bank intends to remove the drive-up window at its branch on Main Street in Westfield. The bank has previously shut dozens of branches in Massachusetts in the previous few years.

At the current trading session, Bank of America Corp (NYSE:BAC) shares are up +0.82% to $11.34 while the stocks are trading within the range of $11.27 – $11.36. In the past year, the stock has traded within a range of $5.27 – $11.52. Average daily trading volume is 156.09 million shares.

For How Long BAC will Fight for Profitability? Read This Trend Analysis report

If we look at a few other stocks within industry, The Bank of Nova Scotia, Oriental Financial Group Inc. and Canadian Imperial Bank of Commerce were in the volume leaders. Let’s have a quick look on their Market performance.

The Bank of Nova Scotia (USA) (NYSE:BNS) shares are down -0.63% to $58.48 while the stock is trading within the range of $58.48– $59.00 in the current trading session. In the last 12 months the shares have traded between $48.45 and $59.12. The average daily trading volume is 430,605 shares.

Will BNS Get Buyers Even After The Recent Rally? Find Out Here

Oriental Financial Group Inc. (NYSE:OFG) shares in the current session moved down -0.39% reaching $12.90. The stocks are trading in a range of $12.87 – $12.98. In the last year the stock has moved within a range of $9.76 – $13.25. The Company’s average daily trading volume is 378,176 shares.

Has OFG Found The Bottom and Ready To Move Up? Find Out Here

Another rival company, Canadian Imperial Bank of Commerce (USA) (NYSE:CM), is trading up +0.06% to $82.10. Intraday trading recorded the stock price in a range of $82.06 to $82.40. In the previous 52 weeks the stock’s price ranged between $66.32 and $83.67. Their average daily trading volume is 132,266 shares.

Will CM Continue To Move Higher? Find Out Here

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