Bank of America Corp.'s shares nearly dipped below $8 amid more concerns about the Charlotte bank's mortgage woes.
After falling as low as $8.03 during trading Friday, the shares closed down about 7.4 percent at $8.17.
The stock hasn't been this low since April 2009. The stock is down more than 38 percent this year, the worst performance among the 24 stocks tracked by the KBW Bank Index.
Most bank stocks performed poorly Friday, as investors continued to fret about the U.S. and European economies. But Bank of America trailed other large banks, including Citigroup Inc., considered the most troubled large bank during the financial crisis.
"Bank of America, unfortunately, is the new Citigroup," said Miami-based banking consultant Ken Thomas.
In a filing Thursday, Bank of America said it could face higher than expected claims from mortgage giants Fannie Mae and Freddie Mac to buy back soured mortgage loans. New York Attorney General Eric Schneiderman filed a motion to stop the bank's $8.5 billion settlement with private investors over claims related to mortgage-backed securities.
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U.S. stock futures are following overseas markets lower Friday after Greece's crucial bailout was put on hold by the rest of the eurozone, a day after it seemed that the country had pacified its creditors. 
Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout. 
The Obama administration clearly won't take no for an answer when it comes to recruiting state Banking Commissioner Joseph Smith Jr. to tackle the mortgage mess that has been hampering the nation's economic recovery. Keep up with the latest business stories with our free e-mail newsletter, delivered straight to your inbox!
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