Bank of America Corp., the second-biggest U.S. lender, surged the most in two months of trading amid speculation that the U.S. may introduce a new mortgage refinancing program.
The bank rose 50 cents, or 8.6 percent, to $6.31 at 4:15 p.m. in New York, then forfeited some of the gain in late trading after an Obama administration official who asked for anonymity denied speculation that the White House is considering a trillion-dollar plan to refinance home loans.
