Why Bank Of America (BAC) Stock Continues To Gain Today

NEW YORK (TheStreet) -- Shares of Bank of America Corp.  are up 2.10% to $15.31 after the Federal Reserve said it approved a resubmitted capital plan from the bank, part of an annual stress test of banks' financial robustness, Reuters reports. In April, the Fed required Bank of America to resubmit its capital plan and to suspend planned increases in capital distributions after the bank disclosed it had incorrectly reported data used in its calculations, Reuters noted. Must Read: Warren Buffet...