Shares of Bank of America Corp. (BAC) experienced a 0.65% slip, closing at $27.38 on Friday. This decline occurred during a generally grim trading session for the overall stock market. The S&P 500 Index (SPX) fell by 0.27% to reach 4,288.05, while the Dow Jones Industrial Average (DJIA) dropped by 0.47% to settle at 33,507.50.
Bank of America Corp.’s stock had previously enjoyed a two-day winning streak before this downturn. Nonetheless, it closed $11.22 below its 52-week high of $38.60, which it had achieved on November 11th.
Comparatively, Bank of America Corp. demonstrated a mixed performance in relation to its competitors on Friday. JPMorgan Chase & Co. (JPM) fell by 1.74% to $145.02, while Wells Fargo & Co. (WFC) experienced a smaller decline of 0.12% to settle at $40.86.
During this trading session, the trading volume for Bank of America Corp. surpassed its 50-day average of 38.5 million shares, reaching a total of 40.4 million shares traded.
Bank of America Corp.’s stock faced a downward trend in a volatile trading session, aligning with a broader decline in the stock market. Despite the setback, the company’s performance remains competitive when compared to its rivals.