Wednesday, February 1, 2023
HomeMarketBank of America Corp. stock rises Monday, still underperforms market

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

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Shares of Bank of America Corp.
BAC,
+1.08%
rose 1.08% to $32.73 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+1.43%
rising 1.43% to 3,990.56 and the Dow Jones Industrial Average
DJIA,
+1.58%
rising 1.58% to 34,005.04. The stock’s rise snapped a seven-day losing streak. Bank of America Corp. closed $17.38 short of 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,
+1.55%
rose 1.55% to $134.21 and Wells Fargo & Co.
WFC,
+0.85%
rose 0.85% to $42.86. Trading volume (37.5 M) remained 4.5 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.

Credit: marketwatch.com

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