Bank Of America Shares Fall Below $5

BofA Shares Dip Below $5 For The First Time Since March 2009

Shares of Bank of America Corp

The stock hit a session low of $4.96, and with more than 245 million shares traded so far its volume-weighted average price was $5.0432. The stock closed at $5.20 on Friday.

Shares of financial institutions have declined on worries about the global economy and the possible exposure to sovereign defaults in Europe.

(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)

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