Bank of America (BAC) Reaches Financial Crisis Levels

Bank of America is down by approximately 4.5% on the day and is trading below $5 for the first time since March of 2009.   Bank of America shares have been under extreme pressure in the past year as the European debt crisis strengthens and the foreclosure market remains unresolved.

As you can see below, Bank of America has performed the worst out of all of its peers on a YTD basis.