Bank of America Corp. stock falls Thursday, underperforms market
COMPANY CLOSE UPDATES
Shares of Bank of America Corp. (BAC) slid 1.49% to $45.75 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index (SPX) falling 1.10% to 4,482.73 and Dow Jones Industrial Average (DJIA) falling 0.89% to 34,715.39. Bank of America Corp. closed $4.33 short of its 52-week high ($50.08), which the company achieved on January 10th.
The stock underperformed when compared to some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) fell 0.85% to $147.66, Citigroup Inc. (C) rose 0.34% to $64.46, and Wells Fargo & Co. (WFC) fell 1.03% to $55.00. Trading volume (45.7 M) remained 3.1 million below its 50-day average volume of 48.8 M.