Bank Of America Corp. Stock Rises Thursday, Still Underperforms Market
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Shares of Bank of America Corp. (BAC) rallied 1.68% to $28.97 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Bank of America Corp. closed $15.66 short of its 52-week high ($44.63), which the company reached on March 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) rose 1.94% to $130.75 and Wells Fargo & Co. (WFC) rose 1.16% to $39.30. Trading volume (107.7 M) eclipsed its 50-day average volume of 49.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:33 ET (20:33 GMT)
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