Boston, MA 07/25/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) closed in the previous trading session at $14.71 after heading towards southwards direction by 1.54% (-$0.23). With around 10.75 billion outstanding shares, the market capitalization of the company is $158.08 billion.
The financial officers of United States gave the highest score to the economy in five years and they were significantly more confident about the growth of economy in the latest Bank of America Merrill Lynch CFO Outlook survey in 2013. The executives who took part in the 2013 CFO Outlook Mid-Year Update gave to the economy of United States, an average score of 58 out of 100 while it gave score of 49 out of 100 in the previous survey that was conducted in late 2012.
The global economy was given a score of 51 up from 45 in the previous year by the CFOs.
CFOs also showed stronger optimism about the growth of economy with 55 percent expecting expansion in 2013 while in the previous survey it was 39 percent.
There is news that Bank of America Merrill Lynch who is a leader in payables solutions and commercial card within Global Transaction Services has announced the launch of Dashboard Analytics. This is a new module on the Account Management and Global Reporting system which is available in about twenty one different languages to the clients of commercial card in more than seventy countries. This new dashboard tool will help treasury departments and senior level executives in making better educated decisions in order to negotiate better terms with key suppliers, to improve their working capital and ease compliance with company travel policy.
The head of Comprehensive Payables and Global Card in Global Transaction Services, Kevin Phalen explained that Dashboard Analytics gathers the power of big data to convert millions of transactions from the entire world into an actionable and sleek dashboard view.
