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Home Markets

Bank of America Corp. stock rises Monday, still underperforms market

by author
October 24, 2022
in Markets
Reading Time: 1 min read
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Shares of Bank of America Corp.
BAC,
+0.34%
inched 0.34% higher to $35.07 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+1.19%
rising 1.19% to 3,797.34 and the Dow Jones Industrial Average
DJIA,
+1.34%
rising 1.34% to 31,499.62. This was the stock’s second consecutive day of gains. Bank of America Corp. closed $15.04 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 Monday, as JPMorgan Chase & Co.
JPM,
+0.12%
rose 0.12% to $122.38, Citigroup Inc.
C,
+0.34%
rose 0.34% to $44.41, and Wells Fargo & Co.
WFC,
+0.83%
rose 0.83% to $45.20. Trading volume (33.6 M) remained 8.4 million below its 50-day average volume of 42.0 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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