Bank Of America Corp. Stock Falls Wednesday, Underperforms Market
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Shares of Bank of America Corp. (BAC) slid 1.68% to $28.10 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
The stock's fall snapped a two-day winning streak.
Bank of America Corp. closed $10.50 below its 52-week high ($38.60), which the company achieved on November 11th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 0.92% to $135.34 and Wells Fargo & Co. (WFC) fell 0.83% to $40.87.
Trading volume (43.8 M) remained 19.1 million below its 50-day average volume of 62.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 16:32 ET (20:32 GMT)
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