Why Bank of America Stock Was Falling Today
Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. As of 2:45 p.m. ET, Bank of America was down 5.5%, trading at $32.58.
The major indexes were all down on Tuesday, led by the Nasdaq Composite, which was down 258 points, or 2.3%, while the Dow Jones Industrial Average was down 498 points, or 1.5%, and the S&P 500 was off 77 points, or 1.9%, as of 2:45 p.m. ET.
Bank of America was dropping Tuesday on what was an overall down day on U.S. stock markets. The sell-off may have been related, in part, to comments made by some of the leading bankers in the country, including Bank of America CEO Brian Moynihan, at a Goldman Sachs financial services conference.
Source Fool.com
