March 2, 2023

Bank of America Corp. stock outperforms market despite losses on the day

COMPANY CLOSE UPDATES

Shares of Bank of America Corp. shed 0.47% to $34.14 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 32,661.84 and the S&P 500 Index falling 0.47% to 3,951.39. Bank of America Corp. closed $10.49 short of its 52-week high ($44.63), which the company reached on March 22nd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. fell 0.56% to $142.55 and Wells Fargo & Co. fell 0.19% to $46.68. Trading volume (29.2 M) remained 6.8 million below its 50-day average volume of 36.0 M.

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