In a positive trading session on Thursday, Bank of America Corp (NYSE: BAC ). saw its shares rise by 1.11% to $29.20. This increase occurred alongside a broader market upswing with the S&P 500 Index rising 0.84% to 4,505.10 and the Dow Jones Industrial Average climbing 0.96% to 34,907.11.
Despite the overall market uptick, Bank of America's stock performance fell short when compared with some of its competitors. JPMorgan Chase & Co. (NYSE: JPM )'s shares rose by 1.94% to $149.25 on Thursday, while Wells Fargo (NYSE: WFC ) & Co.'s stock increased by 1.89% to $43.05, outpacing the gains made by Bank of America Corp.
The closing price for Bank of America Corp. was $9.40 lower than its 52-week high of $38.60, a peak the company reached on November 11th, 2022.
In terms of trading volume, Bank of America Corp.'s figures exceeded its 50-day average volume with the day's trading activity recorded at 44.3 million shares compared to an average volume over the past 50 days of 41.2 million shares.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.