Bank of America Corp. stock rises Friday, still underperforms market
COMPANY CLOSE UPDATES
Shares of Bank of America Corp. (BAC) inched 0.88% higher to $45.87 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index (SPX) rising 2.43% to 4,431.85 and the Dow Jones Industrial Average (DJIA) rising 1.65% to 34,725.47. Bank of America Corp. closed $4.21 below its 52-week high ($50.08), which the company reached on January 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. (JPM) rose 0.89% to $146.61, Citigroup Inc. (C) rose 0.84% to $64.69, and Wells Fargo & Co. (WFC) rose 0.80% to $54.19. Trading volume (50.8 M) remained 1.8 million below its 50-day average volume of 52.6 M.