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Moynihan Brings BofA Shares Back to Where He Started as CEO

Bank of America Corp. exceeded $15.06 yesterday, the price on the day before Brian T. Moynihan became chief executive officer almost four years ago.

The second-biggest U.S. lender rose 1.9 percent to close at $15.20 in New York, bringing this year’s gain to 31 percent. That follows last year’s 109 percent advance, the best in the Dow Jones Industrial Average, as Moynihan eased investor concern that mortgage costs would force the bank to issue more stock.