Bank of America May Struggle Boosting Profits, Toyota Sets Lexus Sales Forecast

Bank of America Corporation (NYSE:BAC): Bank of America and Citigroup (NYSE:C) are among lenders that may find it more difficult to increase profits and capital after the Fed said it would keep its benchmark interest rate low until at least late 2014, Bloomberg reports. Shares of Bank of America Corporation are trading 0.14% lower today.

Toyota Motor Corporation (NYSE:TM): Toyota Managing Officer Kazuo Ohara says the automaker is looking to sell about 510,000 of its Lexus cars globally in 2012, the Nikkei reports. Sales of the luxury vehicles were limited to about 404,000 units last year due to parts shortages. Shares of Toyota Motor Corporation are trading 0.38% higher today.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at