© Reuters
In a positive trading session on Thursday, Bank of America Corp (NYSE:). saw its shares rise by 1.11% to $29.20. This increase occurred alongside a broader market upswing with the rising 0.84% to 4,505.10 and the climbing 0.96% to 34,907.11.
Despite the overall market uptick, Bank of America’s stock performance fell short when compared with some of its competitors. JPMorgan Chase & Co. (NYSE:)’s shares rose by 1.94% to $149.25 on Thursday, while Wells Fargo & Co.’s stock increased by 1.89% to $43.05, outpacing the gains made by Bank of America Corp.
The closing price for Bank of America Corp. was $9.40 lower than its 52-week high of $38.60, a peak the company reached on November 11th, 2022.
In terms of trading volume, Bank of America Corp.’s figures exceeded its 50-day average volume with the day’s trading activity recorded at 44.3 million shares compared to an average volume over the past 50 days of 41.2 million shares.
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