Best and Worst Stocks of 2011

By Ben Steverman - 2011-12-14T19:18:53Z

Photograph by Davis Turner/Getty Images

Company Symbol % Change
18 of 23

Bank of America Corp.

Industry: Diversified banking

Total return: -57.5 percent

Bank of America's (BAC) shares plunged in August after Standard & Poor's cut the U.S. government's AAA credit rating. Trading revenue plunged more than 70 percent in the third quarter. To deal with what Chief Executive Officer Brian Moynihan calls a "new normal" of less profitable retail banking, he is cutting $5 billion in annual costs, including about 30,000 jobs.

Advertisement