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

by Renee Wade
August 3, 2020
in Banking
0
Bank of America Corp. stock increases Monday, still underperforms market

Shares of Bank of America Corp. BAC, 0.44 % inched 0.44 % bigger to $24.99 Monday, on what proved for being an all around beneficial trading session with the stock market, while using S&P 500 Index SPX, 0.71 % rising 0.72 % to 3,294.61 and also the Dow Jones Industrial Average DJIA, 0.89 % soaring 0.89 % to 26,664.40. This was the stock’s second consecutive day of gains. Bank of America Corp. shut $10.73 scant of its 52 week steep ($35.72), that the business enterprise attained on December 27th.

The stock demonstrated a diverse performance when compared to several of the competitors Monday of its, as JPMorgan Chase & Co. JPM, -0.55 % fell 0.56 % to $96.10, Wells Fargo & Co. WFC, 0.12 % rose 0.12 % to $24.29, as well Citigroup Inc. C, 0.76 % rose 0.76 % to $50.39. Trading volume (58.1 M) remained 15.4 zillion below the 50-day average volume of its of 73.5 M.

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