Bank of America Corp (NYSE:BAC) shares are trading lower by 2.36% to $30.82 Tuesday afternoon. Shares of banks and financial services companies are trading lower Tuesday amid broader economic concerns as traders assess the possibility of a recession.
The U.S. Bureau of Economic Analysis last week reported real disposable personal income decreased 0.1 percent in May and real personal consumption expenditures decreased 0.4 percent; expenditure on goods decreased 1.6 percent.
According to data from Benzinga Pro, Bank of America has a 52-week high of $50.11 and a 52-week low of $30.45.
