BofA Raises $13.5B With Share Sale

Bank of America has sold shares to fill $13.5 billion of the $34 billion capital hole the Fed's "stress test" uncovered in the bank's balance sheet, Marketwatch reports. The bank—taking advantage of a 40% jump in its share price over the last month—issued 1.25 billion shares at an average price of $10.77 as part of its "at-the-market" program, which sold shares at or near prevailing prices. (More shares stories.)