Bank of America (BAC) drops 1.6% AH after it's disclosed in a 10-Q filing that the company might...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) drops 1.6% AH after it's disclosed in a 10-Q filing that the company might issue common stock to raise funds to buy back preferred shares. Such a move would likely dilute existing common shareholders.