Bank of America hits another 52-week Low

Bank of America - Working Image (NYSE:BAC)

Bank of America (BAC) hit $5.13 a share before ending the day at $5.14.  It appears they could really use that unpopular $5 monthly debit card fee.

Another dark day for BofA as its company shares tanked 4.2% along with everything else.  With only one month left in the year, Bank of America shares have dropped a staggering 62% in 2011. 

BAC shares haven't been above $10 since July and all this month have declined from $6.80 to today's $5 price.  At some point this stock has to hit bottom, its hard to conceive of this company falling much lower.

BAC

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