Volume Spike Investor

Bank of America Corporation (NYSE: BAC) is getting shelled after the troubled banking giant missed earnings expectations from Thomson Reuters with -$0.26 EPS vs. -$0.21 EPS estimates and revenue of $26.04 billion vs. $27.61B estimates.  BofA also added $2.1B billion to it credit loss reserves as credit costs remain high.  BofA did note a leveling of delinquencies among its credit card customer base.  At 8:21 AM EST we have already seen 10,000,000 shares cross and the drop is another 4.6% down to $17.26 after closing at $18.10 yesterday.  Average volume here is over 200 million shares and today is also options expiration date, so you might as well expect B of A to be the big volume stock today in the sector.  -JON C. OGG