Bank of America Corp. (NYSE:BAC): Current price $13.91
On Tuesday, Charlotte-based Bank of America announced that it has finalized the merger of its Merrill Lynch & Co. subsidiary into itself. The bank previously stated that it was thinking about merging Merrill Lynch directly into Bank of America Corp. as soon as the fourth quarter. The merger does not affect the Merrill Lynch name and brand, and will have no impact on customers or clients. Subsidiaries of Merrill Lynch & Co., Inc. will continue to operate under the Merrill Lynch name and brand. Bank of America’s primary broker-dealer, Merrill Lynch, Pierce, Fenner & Smith, along with its non-United States broker-dealer entities will continue to operate under their current names and brands as well.