Bank of America and 2 Financial DJIA Stocks Tanking

The Dow Jones Industrial Average (NYSEARCA:DIA) is down today 1.37% and stands at 11,930. These are more stocks that are among the lagging performers today.

Bank of America (NYSE:BAC): The core power of Bank of America’s (NYSE:BAC) EPS has been shot. Too many problems: lawsuits, a stock swap, and frantic sale of non-core assets. Even with a huge discount to book value, Sterne Agee’s Todd Hagerman is passing on the stock. The shares recently traded at $5.94, down $0.19, or 3.1%. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 249,269,120 shares versus a 3-month average volume of 292,775,000 shares. The company’s trailing earnings are $-0.31 per share.

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JPMorgan Chase (NYSE:JPM): JP Morgan (NYSE:JPM) is planning to issue mortgage-backed securities to support loans that have defaulted from Europe. A similar strategy was employed after the Savings and Loan crisis in the 1990s. The shares recently traded at $31.67, down $1.03, or 3.15%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 27,828,128 shares versus a 3-month average volume of 46,359,300 shares. The company’s trailing P/E is 6.75, while trailing earnings are $4.69 per share.

American Express (NYSE:AXP): American Express (NYSE:AXP) is preparing for the imminent demise of the plastic credit card by investing $100 in digital commerce start-ups. American Express (NYSE:AXP) has also just opened an office in Palo Alto. The shares recently traded at $48.33, down $1.62, or 3.24%. They have traded in a 52-week range of $41.25 to $53.80. Volume today was 5,221,566 shares versus a 3-month average volume of 8,922,190 shares. The company’s trailing P/E is 12.11, while trailing earnings are $3.99 per share.

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