Stocks to get a boost from Bank of America TARP repayment
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Wall Street is set to open higher Thursday morning after finishing mixed the day before on mixed reports. But late Wednesday, Bank of America (BAC) announced it will be paying back the $45 billion it received in bailout funds, improving investors sentiment on the economy. The finalization of the deal between General Electric (GE) and Comcast (CMCSA) to form a joint entertainment company only added to confidence levels ahead of retail and jobs reports.
More here: Before the bell: Futures climb as Bank of America to pay back TARP money