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Home Markets

Bank of America Corp. stock rises Monday, outperforms market

by author
October 18, 2022
in Markets
Reading Time: 1 min read
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Shares of Bank of America Corp.
BAC,
+6.06%
rose 6.06% to $33.62 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+2.65%
rising 2.65% to 3,677.95 and the Dow Jones Industrial Average
DJIA,
+1.86%
rising 1.86% to 30,185.82. This was the stock’s fourth consecutive day of gains. Bank of America Corp. closed $16.49 short of its 52-week high ($50.11), which the company achieved on February 10th.

The stock outperformed some of its competitors Monday, as JPMorgan Chase & Co.
JPM,
+4.20%
rose 4.20% to $115.86, Citigroup Inc.
C,
+0.83%
rose 0.83% to $43.59, and Wells Fargo & Co.
WFC,
+1.83%
rose 1.83% to $43.96. Trading volume (87.2 M) eclipsed its 50-day average volume of 40.2 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.

Tags: article_normalbankingBanking/CreditCommercial BankingContent TypesCorporate/Industrial NewsFinancial PerformanceFinancial ServicesIntegrated BanksShare Price Movement/Disruptions
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