The Treasury Department receives record $1.54 billion in auction for Bank of America Corp. warrants. Bank of America Inc trades on the “New York Stock Exchange” under the stock symbol “BAC”. For more information regarding Bank of America Inc. or The Treasury Department, make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America Corp. (NYSE:BAC) as part of the support it provided during the financial crisis.
The Treasury said Thursday that it sold 272.17 million warrants in an auction held because Bank of America Inc. and the government could not agree upon an acceptable price. Warrants are financial instruments that allow the shareholder to buy stock in the future at a set value.
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