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Joseph Barrile Bank Home Loans Storyboard Bank of america corp (nyse:bac) shares are trading higher by 2.57% to $40.64 thursday morning. major indexes and several bank stocks are higher after the federal reserve cut interest rates by 50. Bank of america today introduced balance assist™, a revolutionary new solution that provides a low cost way for clients to manage their short term liquidity needs, borrowing only the amount they need, up to $500. balance assist is the latest offering in a comprehensive selection of financial solutions and services designed to help clients bank confidently and improve their financial lives.

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