In Brief: B of A Said to Consider Buyback of Up to $10B

Bank of America Corp. is getting ready to announce a big share buyback, according to analysts.

According to Sally Pope Davis of Goldman, Sachs & Co., the buyback could be as big as $10 billion, or 150 million shares, which would be 8.5% of the shares outstanding.

Investors bought shares on talk of a buyback, forcing a brief halt in trading as market makers sought sellers. Bank of America ended the day at $66.1875, off 0.9%.

A spokesman said Bank of America president Ken Lewis told investors at a meeting Thursday that "management would be recommending a capital management plan at the board's meeting in two weeks."

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