Bank of America Corp. stock rises Thursday, outperforms market

Bank of America Corp. stock rises Thursday, outperforms market

Shares of Bank of America Corp. BAC, +0.94% inched 0.95% higher to $24.54 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.23% falling 1.23% to 3,235.66 and Dow Jones Industrial Average DJIA, -1.30% falling 1.31% to 26,652.33. Bank of America Corp. closed $11.18 short of its 52-week high ($35.72), which the company achieved on December 27th.

The stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co. JPM, +0.29% rose 0.29% to $98.98, Wells Fargo & Co. WFC, +0.34% rose 0.34% to $26.35, and Citigroup Inc. C, +0.81% rose 0.81% to $52.08. Trading volume (60.6 M) remained 15.3 million below its 50-day average volume of 75.9 M.

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