SOURCE: Equity News Circuit

Equity News Circuit

February 20, 2013 08:00 ET

Squawk Box Stocks Reports On: Bank of America Corporation (NYSE: BAC), Office Depot, Inc. (NYSE: ODP), OfficeMax Incorporated (NYSE: OMX), Staples, Inc. (NASDAQ: SPLS)

Note to Editors: The Following Is an Investment Opinion Being Issued by the Equity News Circuit

NEW YORK, NY--(Marketwire - Feb 20, 2013) - Bank of America Corporation. (NYSE: BAC), Office Depot, Inc. (NYSE: ODP), OfficeMax Incorporated. (NYSE: OMX), Staples, Inc. (NASDAQ: SPLS).

Bank of America Corporation (BAC) saw shares advancing 1.33% or $0.16 per share to close at $12.19 on volume of 170,618,904 shares traded during yesterday's trading session. Shares continued to rally as the company disclosed Chief Executive Brian Moynihan's pay increased 73 percent in 2012 from the previous year to $12.1 million, as the bank gave him a bigger package of stock awards. The second-largest U.S. bank gave Moynihan a raise when other CEOs on Wall Street received a pay cut, after Bank of America's stock soared in 2012 and it made progress in resolving lawsuits from the financial crisis. Will shares continue to advance in the days ahead? Find out our thoughts in our exclusive report at: http://squawkboxstocks.com/report/BAC

Office Depot, Inc. (ODP) saw shares advancing 9.37% to close yesterday's trading session at $5.02 on volume of 83,837,794 shares traded. Several media reports said the office supply chain was in talks to combine with rival OfficeMax. Will this positive news lead to a continued gain in shares this week? Find out more in our exclusive report at: http://squawkboxstocks.com/report/ODP

OfficeMax Incorporated (OMX) saw shares gaining 20.93% or $2.25 per share to close yesterday at $13.00 on volume of 15,617,476 shares traded. OfficeMax turned out to be the bigger winner of yesterday's rumored merger between the retail supply chain companies, but will the gains continue? See what our trend analysis says in this exclusive report found at: http://squawkboxstocks.com/report/OMX

Staples, Inc. (SPLS) saw its shares rise 13.13% or $1.70 per share to close yesterday at $14.65 on volume of 68,197,651 shares traded. The company saw its stock gain analysts said that the office supply chain would benefit if a rumored combination of OfficeMax and Office Depot goes through. Will shares continue to rise or give back some of their gains this week? Find out our thoughts in our exclusive report at: http://squawkboxstocks.com/report/SPLS

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.

A third party, Winning Media LLC has paid Equity News Circuit five hundred dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.

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