Bank of America (BAC +1.6%) shares hit $8 for the first time since Sept. 1, as the bank’s...

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

Bank of America (BAC +1.6%) shares hit $8 for the first time since Sept. 1, as the bank’s improving credit position likely boosts investor confidence. The spreads on the bank’s credit default swaps have narrowed considerably since BofA’s earnings report on Jan. 19.