Home Markets Bank of America Corp. stock rises Wednesday, still underperforms market

Bank of America Corp. stock rises Wednesday, still underperforms market

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Shares of Bank of America Corp.
BAC,
+0.75%

inched 0.75% higher to $40.14 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+0.85%

rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
DJIA,
+0.68%

rising 0.68% to 34,814.39. Bank of America Corp. closed $3.35 below its 52-week high ($43.49), which the company reached on June 3rd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co.
JPM,
+0.69%

rose 0.69% to $158.16, Citigroup Inc.
C,
+2.43%

rose 2.43% to $70.45, and Wells Fargo & Co.
WFC,
+1.28%

rose 1.28% to $46.64. Trading volume (52.3 M) eclipsed its 50-day average volume of 46.9 M.


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