Bank of America (BAC) is close to its limit on how much stock it's authorized to issue without...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) is close to its limit on how much stock it's authorized to issue without being forced to go to shareholders to ask for permission, according to a Reuters report. Although it may not be that difficult to do, it does reflect just how much the bank has forced to sell to keep itself afloat. Since 2007, the bank's share float has soared from 4.5B shares to 10.1B, an increase -read dilution of shareholder equity - of nearly 125%.