Bank of America sees uptick in shares amidst stock market decline

Bank of America Corp. (BAC) saw a slight increase in its shares, by 1.23%, to reach $28.09 on Monday. This rise was notable amidst a generally lackluster day for the stock market, which saw the S&P 500 Index (SPX) decline by 0.45% to 4,328.82 while the Dow Jones Industrial Average (DJIA) fell 0.04% to 33,714.71.

Notably, this uptick in Bank of America’s stock broke a five-day losing streak for the company. As of the end of Monday’s trading session, Bank of America closed at $10.51 below its 52-week high of $38.60, an achievement reached by the company on November 11th.

Despite the general decline of the stock market on Monday, Bank of America’s shares outperformed some of its rivals. JPMorgan Chase & Co. (JPM) saw a 0.24% increase to $139.19 while Wells Fargo & Co. (WFC) fell by 0.05% to $40.59.

Trading volume for Bank of America reached 47.5 million on Monday, which remained slightly below its 50-day average volume of 49.2 million.

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