Bank Of America Corp. Stock Rises Tuesday, Outperforms Market
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Shares of Bank of America Corp. (BAC) advanced 3.03% to $28.59 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. The stock's rise snapped a two-day losing streak. Bank of America Corp. closed $16.04 below its 52-week high ($44.63), which the company reached on March 22nd.
The stock outperformed some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) rose 2.68% to $130.55 and Wells Fargo & Co. (WFC) rose 2.67% to $38.48. Trading volume (78.9 M) eclipsed its 50-day average volume of 53.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:33 ET (20:33 GMT)
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