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Bank of America Corp. inventory increases Monday, still underperforms market

by Armando Henderson
August 3, 2020
in Banking
0

Shares of Bank of America Corp. BAC, 0.44 % inched 0.44 % bigger to $24.99 Monday, about what proved to become an all around positive trading period for the stock market, with the S&P 500 Index SPX, 0.71 % rising 0.72 % to 3,294.61 and the Dow Jones Industrial Average DJIA, 0.89 % soaring 0.89 % to 26,664.40. It was the stock’s next consecutive day time of gains. Bank of America Corp. closed $10.73 short of its 52 week substantial ($35.72), which the company established on December 27th.

The stock demonstrated an assorted performance when compared to several of its opposition Monday, as JPMorgan Chase & Co. JPM, -0.55 % fell 0.56 % to $96.10, Wells Fargo & Co. WFC, 0.12 % rose 0.12 % to $24.29, and also Citigroup Inc. C, 0.76 % rose 0.76 % to $50.39. Trading volume (58.1 M) remained 15.4 huge number of beneath its 50 day regular volume of 73.5 M.

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