Speculative Buy: Barclays (BCS) up on potential buyout news

Bank of America (BAC) is "very interested" in buying Barclays (BCS) according to a Merrill Lynch analyst.

This chart shows the pre-morning action of BCS.

As quoted from the analyst, "Bank of America has previously indicated that the next phase of its expansion is to become a leading global commercial and investment bank. In order to achieve that goal, we believe Bank of America is very interested in acquiring Barclays," the broker said in a note to clients. "