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Bank of America Corp. stock rises Friday, outperforms market

by author
October 22, 2022
in Markets
Reading Time: 1 min read
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Shares of Bank of America Corp.
BAC,
+3.71%
rallied 3.71% to $34.95 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+2.37%
rising 2.37% to 3,752.75 and the Dow Jones Industrial Average
DJIA,
+2.47%
rising 2.47% to 31,082.56. The stock’s rise snapped a two-day losing streak. Bank of America Corp. closed $15.16 short of its 52-week high ($50.11), which the company achieved on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co.
JPM,
+5.25%
rose 5.25% to $122.23, Citigroup Inc.
C,
+3.12%
rose 3.12% to $44.26, and Wells Fargo & Co.
WFC,
+2.70%
rose 2.70% to $44.83. Trading volume (52.8 M) eclipsed its 50-day average volume of 41.9 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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