Bank Of America Corp. Stock Falls Friday, Underperforms Market
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Shares of Bank of America Corp. (BAC) slipped 3.97% to $27.82 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. Bank of America Corp. closed $16.81 below its 52-week high ($44.63), which the company reached on March 22nd.
The stock underperformed when compared to some of its competitors Friday, as JPMorgan Chase & Co. (JPM) fell 3.78% to $125.81 and Wells Fargo & Co. (WFC) fell 3.92% to $37.76. Trading volume (129.1 M) eclipsed its 50-day average volume of 50.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:33 ET (20:33 GMT)
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