Monday, October 3, 2011

Bank of America - $5 debit fees, and now $5 stock value

In an ironic twist of market fate, Bank of America stock today dropped into the $5.00 range, touching $5.99 per share briefly.  This loss of value comes just days after the bank proposed instituting a new $5.00 a month debit fee charge for most of their accountholders.


Chart courtesy of Zerohedge.

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