Bank Of America Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of Bank of America Corp. (BAC) slid 0.25% to $27.75 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.89% to 3,951.57 and the Dow Jones Industrial Average rising 1.20% to 32,244.58. This was the stock's second consecutive day of losses. Bank of America Corp. closed $16.88 below 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 Monday, as JPMorgan Chase & Co. (JPM) rose 1.06% to $127.14 and Wells Fargo & Co. (WFC) fell 0.74% to $37.48. Trading volume (81.0 M) eclipsed its 50-day average volume of 52.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2023.
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March 20, 2023 16:33 ET (20:33 GMT)
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