Shares in Bank of America (NYSE:BAC) are relatively flat in late trading, but volume is incredible as trades settle and investors continue to swap shares as the bank faces a lot of questions over legal liabilities for Countrywide.
Pharmaceutical giant Pfizer, Inc. (NYSE:PFE) is trading slightly lower after the closing bell. Fitch rating agency lowered the company’s long-term issuer default rating from AA- to A+. The company competes with Eli Lilly (NYSE:LLY) and Bristol-Myers Squibb (NYSE:BMY).
Clorox Corporation (NYSE:CLX) is down more than 4% in after hours trading as Carl Icahn’s investment group announced it was backing off from a proxy fight. In July, Icahn proposed to buy Clrox for $80 a share.