Bank of America Corporation (NYSE:BAC) – Why Bank Of America Shares Are Trading Lower Today

Financial institution of America Company (NYSE: BAC) shares are buying and selling decrease on Wednesday after the corporate reported worse-than-expected second-quarter gross sales outcomes.

The corporate reported second-quarter gross sales outcomes of $21.50 billion, which missed the $21.83 billion estimate.

Financial institution of America Company, by means of its subsidiaries, supplies banking and monetary services for particular person shoppers, small and middle-market companies, institutional traders, giant companies, and governments worldwide.

Financial institution of America’s inventory was buying and selling about 4.4% decrease at $38.10 on the time of publication. The inventory has a 52-week excessive of $43.49 and a 52-week low of $22.95.