Bank of America’s common stock price dropped 2.13% on Wednesday as it became known late in the afternoon that the company was found guilty in a federal lawsuit.
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There were nine other members of the Mortgage Industry Equity Composite that closed lower, including Fidelity National Financial, down 1.41%, and CoreLogic, down 0.95%.
Dime Community was unchanged from its Tuesday close. KB Home led all gainers, up 1.63%. Home Loan Servicing Solutions was up 0.95%, and PennyMac was up 0.69%.
