fxstreet.com 08 Feb, 2021 11:45 am

Bank of America Corp trades sideways as social media boycott looms

Bank of America Corp trades sideways as social media boycott looms
NYSE:BAC has struggled to return to pre-COVID price levels as the banking industry continues to get beaten down by low interest rates and unfavourable

Bank of America is under fire for releasing customer information to the FBI following the US Capitol attack.Bank of America has emerged as one of the better banking industry bargains and one prominent investor agrees.Over the past 52-weeks, Bank of America has returned a loss to investors in the amount of 6.On the media front, Bank of America is under some serious fire on social media as customers are boycotting the bank.

It was revealed that the Bank of America released customer information for people in connection to the US Capitol attack in January.At the request of the FBI, the Bank of America released information on several hundred of its clients, which has sparked the online boycott.

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