Bank of America Corp. stock rises Thursday, outperforms market

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© Terrence Horan

COMPANY CLOSE UPDATES

Shares of Bank of America Corp. inched 0.37% higher to $40.93 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.46% to 4,493.28 and Dow Jones Industrial Average falling 0.43% to 34,879.38. Bank of America Corp. closed $2.56 below its 52-week high ($43.49), which the company reached on June 3rd.

The stock underperformed when compared to some of its competitors Thursday, as JPMorgan Chase & Co. rose 0.44% to $159.19, Citigroup Inc. rose 0.60% to $70.46, and Wells Fargo & Co. rose 1.23% to $44.36. Trading volume (36.2 M) remained 9.9 million below its 50-day average volume of 46.1 M.

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