Bank Of America Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Bank of America Corp. (BAC) shed 0.94% to $28.49 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. Bank of America Corp. closed $16.14 below its 52-week high ($44.63), which the company reached on March 22nd.
Despite its losses, the stock outperformed some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 4.72% to $128.26 and Wells Fargo & Co. (WFC) fell 3.29% to $38.85. Trading volume (129.7 M) eclipsed its 50-day average volume of 46.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 16:33 ET (20:33 GMT)
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