Bank of America hits another 52-week Low
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.