The past month has not been kind to Bank of America (BAC). Shares of BofA have dropped 16.8% over the last month. The stock was priced at $13.65 just a month ago. The banking giant saw its shares drop another 3.3% to $11.36. Bank of America’s shares have been very weak over the past few weeks and the stock has been in a freefall.
I have been adding more shares of Bank of America (BAC). That was just too low for me to pass up. Anytime the bank has dropped to these levels I have systematically added shares. The stock may drop more over the short term but I continue to be comfortable buying shares at these prices. I will use any weakness to add to my position in the nation’s largest bank.
