Bank Of America Corp. Stock Rises Wednesday, Outperforms Market
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Shares of Bank of America Corp. (BAC) rose 4.42% to $28.57 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
Bank of America Corp. closed $10.03 short of its 52-week high ($38.60), which the company achieved on November 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) rose 3.07% to $138.45 and Wells Fargo & Co. (WFC) rose 5.39% to $40.46.
Trading volume (59.7 M) remained 10.0 million below its 50-day average volume of 69.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 16:33 ET (20:33 GMT)
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