Bank of America Corp. Stock Rises Amidst Positive Trading Session

by Warren Seah

Shares of Bank of America Corp. (BAC) saw a slight increase of 0.82% on Friday, reaching $28.36. This rise came as part of an overall successful day for the stock market. The S&P 500 Index (SPX) rose by 0.14% to reach 4,457.49, while the Dow Jones Industrial Average (DJIA) also experienced a positive trend with a 0.22% increase, closing at 34,576.59.

This upward movement in Bank of America Corp.’s stock price put an end to a three-day losing streak. However, it is important to note that the stock closed at $10.24 lower than its 52-week high of $38.60, which was achieved on November 11th.

When compared to some of its competitors on Friday, Bank of America Corp.’s performance was mixed. JPMorgan Chase & Co. (JPM) saw a slight increase of 0.08% to reach $143.83, while Wells Fargo & Co. (WFC) experienced a more substantial rise of 1.41%, closing at $41.00.

The trading volume for Bank of America Corp. on Friday was 36.4 million, which was 5.6 million below its 50-day average volume of 41.9 million.

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