Bank of America removed from Dow Index

(Sept. 16, 2013) -- After spending five years on what the Journal calls the "blue chip benchmark," Bank of America will be replaced by Goldman Sachs Group. Low stock prices was cited by Dow Jones as a reason for removing the bank. Bank of America, headquartered of Charlotte, N.C., finished at $14.61, down from $50 in 2007, the Journal noted.