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Bank of America Shines Again

On the heels of yesterday buy upgrade by Citigroup, Bank of America Corp (NYSE:BAC) is starting off the year on a strong note. It was indicated yesterday that Bank of America made the biggest jump in global M&A transactions in 2013 according to Dealogic. The bank climbed four spots to secure the fourth position in global M&A and ranked third in U.S. M&A transactions. According to Dealogic, BAC saw an increase of 22 percent in M&A fees. Look for BAC to continue these gains in 2014.