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

by author
October 25, 2022
in Markets
Reading Time: 1 min read
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Shares of Bank of America Corp.
BAC,
+0.91%
inched 0.91% higher to $35.39 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+1.63%
rising 1.63% to 3,859.11 and the Dow Jones Industrial Average
DJIA,
+1.07%
rising 1.07% to 31,836.74. This was the stock’s third consecutive day of gains. Bank of America Corp. closed $14.72 below 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 Tuesday, as JPMorgan Chase & Co.
JPM,
+0.26%
rose 0.26% to $122.70, Citigroup Inc.
C,
+2.05%
rose 2.05% to $45.32, and Wells Fargo & Co.
WFC,
+0.38%
rose 0.38% to $45.37. Trading volume (36.5 M) remained 5.5 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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