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Bank of America Corp. stock underperforms Tuesday when compared to competitors

by author
March 12, 2023
in Markets
Reading Time: 1 min read
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Shares of Bank of America Corp.
BAC,
-0.88%
shed 3.20% to $33.00 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
-1.45%
falling 1.53% to 3,986.37 and Dow Jones Industrial Average
DJIA,
-1.07%
falling 1.72% to 32,856.46. This was the stock’s second consecutive day of losses. Bank of America Corp. closed $11.63 below its 52-week high ($44.63), which the company reached on March 22nd.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as JPMorgan Chase & Co.
JPM,
+2.54%
fell 2.94% to $138.62 and Wells Fargo & Co.
WFC,
+0.56%
fell 4.68% to $44.45. Trading volume (47.8 M) eclipsed its 50-day average volume of 35.3 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 BankingFinancial Services
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