Nightly News | August 22, 2011
BofA stock price falls again
Fears about exposure to bad mortgages and reports that it will have to raise new capital have contributed to the pounding Bank of America is taking in the markets, losing more than 50 percent of its value in the past year. Brian Williams reports.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> the nation's largest bank saw it's stock price fall sharply again today, down almost $8 just today to now $6.42. reports that it will have to raise new capital will contribute to the pounding that bank of america -- losing more than 50% of its value in just the past year. the dow hung on to a 37-point gain after a big rally al the opening bell and then faded.