Bank Of America Corp. Stock Rises Tuesday, Still Underperforms Market
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Shares of Bank of America Corp. (BAC) inched 0.88% higher to $28.76 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a six-day losing streak. Bank of America Corp. closed $15.87 short of its 52-week high ($44.63), which the company achieved on March 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 2.57% to $134.62 and Wells Fargo & Co. (WFC) rose 4.58% to $40.17. Trading volume (153.4 M) eclipsed its 50-day average volume of 44.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:33 ET (00:33 GMT)
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