BofA Merrill Lynch Completes Client Transaction Data Consolidation and 2 Other Hot Stocks to Watch
Bank of America Corp. (NYSE:BAC): Current price $14.629
On Monday, the Global Transaction Services business at Bank of America Merrill Lynch reported that it has finished the consolidation of client transaction banking data from multiple systems into one single centralized data repository. Attaining this milestone permits BofA Merrill to offer significantly improved information reporting and analytics capability to its clients who may now tap into their bank data by means of the CashPro Online, CashPro Connect, or CashPro Mobile channels.
The centralized repository lets clients search across all Bank of America accounts and selected accounts at other banks as well. System users can now access transactions from the previous 365 days by different fields including payee, amount, and date without having to figure which account was utilized for the transaction.
Nokia Corp. (NYSE:NOK): Current price $6.30
A couple of well-known photographers, David Bailey and Bruce Weber, have used the 41 megapixel Nokia Lumia 1020 to “capture the spirit and soul of Harlem” in a unique collaboration. On Monday, Nokia released almost 60 photos from the pair’s photo shoot in Harlem, showing that the Nokia Lumia 1020 is the “perfect camera” to help people capture easily moments in unrivalled detail. The photos are available to view at The Nokia Photography Room and are presently being exhibited at the Nicholls & Clarke Building in Shoreditch, East London.
Boise Inc. (NYSE:BZ): Current price $12.55
Packaging Corp. of America is acquiring the maker of packaging and paper products Boise for roughly $1.27 billion as it buys additional containerboard required to support its growth. Boise Inc. shareholders are being offered a 26-percent premium to their stock price at the close on Friday. Shares are also up by 26 percent in heavy volume on Monday. Once the transaction is completed, Packaging Corp.’s containerboard capacity will grow to 3.7 million tons from 2.6 million tons, with its corrugated products volume increasing by about 30 percent.
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