Bank of America (BAC) will raise capital to repay $45B and exit TARP, CNBC says. The bank's...

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

Bank of America (BAC) will raise capital to repay $45B and exit TARP, CNBC says. The bank's plans to get out earlier this fall had hit a snag, and Reuters reported in September that TARP repayments that came near year-end would be in a "wave" rather than one by one - which means Wells Fargo (WFC) may be up next. Update 5:32 p.m.: BAC stock starting to move; from -1% AH, now +2.5% AH.