Bank Of America Retreats From Early Morning High

Bank Of America Corp BAC shares are trading lower by $0.08 at $13.11 in Thursday's session. A successful passing of the Fed's Stress Test along with a large buy imbalance induced a sharply higher opening.

Related Link: Stress Test Finale: Everything You Need To Know About Banks Returning Profits To Shareholders

The issue traded higher by only one penny to $13.38 before reversing course. The ensuing decline has taken the issue beyond Wednesday's close of $13.19 to $13.17 and it is attempting to rebound.