Bank of America Corp
The largest U.S. bank, which has received $45 billion in taxpayer funds, is seen by analysts as one of the more likely to need to boost its equity capital following the results of the U.S. government's stress tests, expected this week.
The Financial Times reported on Monday that Bank of America was preliminarily found to need more than $10 billion of capital, and that the bank was working on plans to raise fresh funds.
The Financial Times report is completely inaccurate. Bank of America has not been given a final number by the Federal Reserve. The bank is not working on plans to raise $10 billion in common equity, said Scott Silvestri, a spokesman for the bank.
Shares in Bank of America climbed about 2 percent in premarket trading to $8.88 from $8.70 at Friday's close.
(Reporting by Elinor Comlay, editing by Dave Zimmerman.)