Bank Of America Corp. Stock Rises Tuesday, Outperforms Market
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Shares of Bank of America Corp. (BAC) inched 0.85% higher to $28.58 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.12% to 4,145.58 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's second consecutive day of gains.
Bank of America Corp. closed $10.02 below its 52-week high ($38.60), which the company achieved on November 11th.
The stock outperformed some of its competitors Tuesday, as JPMorgan Chase & Co. (JPM) fell 1.04% to $136.59 and Wells Fargo & Co. (WFC) rose 0.56% to $41.21.
Trading volume (49.1 M) remained 17.1 million below its 50-day average volume of 66.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 16:33 ET (20:33 GMT)
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