Shares of Bank of America Corp. (BAC) saw a 1.08% increase on Friday, reaching a price of $28.98. This positive movement came as part of a generally favorable trading session for the stock market. The S&P 500 Index (SPX) rose 0.18% to 4,515.77, and the Dow Jones Industrial Average (DJIA) experienced a 0.33% increase, reaching a level of 34,837.71.
This upward movement in Bank of America’s stock price marked a turnaround from a two-day losing streak. Despite this recent gain, the stock closed $9.62 below its 52-week high of $38.60, which was reached on November 11th.
In comparison to some of its competitors, Bank of America Corp. outperformed on Friday. JPMorgan Chase & Co. (JPM) saw a 0.33% increase, reaching $146.82, while Wells Fargo & Co. (WFC) experienced a 0.87% increase, resulting in a price of $41.65.
The trading volume for Bank of America Corp. on Friday was 35.1 million shares, which was 7.5 million shares below its 50-day average volume of 42.6 million.
