The Wall Street Journal

Bank of America: Countrywide Deal “On Track” 

In the wake of an analyst report that sent Countrywide Financial Corp. [stock CFC][/stock] shares on a wild ride Monday afternoon, Bank of America Corp. [stock BAC][/stock] has confirmed that its plan to acquire Countrywide by the end of the third quarter of this year is moving ahead as planned. Bloomberg News reported on comments made by BofA spokesperson Robert Stickler, who said that “the transaction is on track.”