Bank of America Corp. stock outperforms market on strong trading day

Shares of Bank of America Corp. BAC,
inched 0.88% higher to $35.70 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
rising 0.01% to 31,839.11 and the S&P 500 Index SPX,
falling 0.74% to 3,830.60. This was the stock’s fourth consecutive day of gains. Bank of America Corp. closed $14.41 below its 52-week high ($50.11), which the company reached on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. JPM,
rose 1.15% to $124.11, Citigroup Inc. C,
rose 0.20% to $45.41, and Wells Fargo & Co. WFC,
rose 0.73% to $45.70. Trading volume (41.0 M) remained 1.3 million below its 50-day average volume of 42.3 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.


Leave a Comment

Your email address will not be published.