August 8, 2011 2:47 PM

Bank of America shares drop as markets react to AIG lawsuit

Bank of America Corp. shares have fallen below $7, amid continued concerns about the bank's mortgage-related woes. Bank of America shares haven't been this low since late March 2009, when the stock was emerging from the depths of the financial crisis. The stock bottomed out at a closing price of $3.14 on March 6, 2009.

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