Share Bank of America Corp. drops Wednesday, underperforms market

Shares of Bank of America Corp. BAC,
lost 1.01% to $43.00 on what turned out to be an overall bad trading session for the stock market on Wednesday, with the S&P 500 Index SPX,
down 0.63% to 4,602.45 and Dow Jones Industrial Average DJIA,
declining by 0.19% to 35,228.81. This was the third consecutive day of losses for the stock. Bank of America Corp. closed $7.11 lower than the 52-week high ($50.11) reached by the company on Feb. 10.

The stock saw mixed performance against some of its competitors on Wednesday, such as JPMorgan Chase & Co. JPM,
fell 0.45% to $140.54, Citigroup Inc. c,
fell 2.66% to $54.97, and Wells Fargo & Co. WFC,
fell 2.89% to $50.11. Trading volume (36.3 million) remained 19.8 million below the 50-day average volume of 56.1 million.

Editor’s Note: This story was generated automatically by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our terms of use for market data.

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