Bank of America drops on government aid report

Wed Jan 14, 2009 5:43pm EST
 
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NEW YORK (Reuters) - Bank of America Corp shares dropped more than 5 percent after the bell on Wednesday following a Wall Street Journal report the bank is close to receiving billions of dollars in additional government aid to help it digest its purchase of Merrill Lynch.

The stock last traded at $9.60, down 60 cents from its regular session close of $10.20 and the lowest price since December 1991.