By Shares of Bank of America Corp. (BAC) experienced a decline of 1.35% on Thursday, settling at $33.55. Despite this, it was an overall positive trading session for the stock market as a whole. The S&P 500 Index (SPX) rose by 1.25% to reach 4,906.19, while the Dow Jones Industrial Average (DJIA) saw an increase of 0.97% to reach 38,519.84.
Second Consecutive Day of Losses
This marks the second consecutive day of losses for Bank of America Corp. The stock fell short of its 52-week high ($37.00) by $3.45, a record it set on February 7th.
Mixed Performance Compared to Competitors
When compared to some of its competitors on Thursday, Bank of America Corp. demonstrated a mixed performance. JPMorgan Chase & Co. (JPM) saw a decline of 0.36%, closing at $173.73, while Wells Fargo & Co. (WFC) experienced a more significant drop of 2.21%, settling at $48.73.
Increased Trading Volume
Trading volume for Bank of America Corp. surpassed its 50-day average volume, with 56.7 million shares exchanged, compared to the average of 43.3 million.
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