Why Bank Of America Shares Are Rising Today

Bank of America Corp BAC shares are trading higher by 6.72% at $36.12. Shares of several banks and financial services are trading higher in sympathy with JPMorgan Chase & Co JPM after the company issued fourth-quarter and FY22 financial targets.

JPMorgan said it expects net interest income to build throughout the year, leading to a fourth-quarter run rate of $66 billion plus. The bank also said that a 17% return on tangible common equity… Read More

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Bank of America is one of the largest financial institutions in the United States.

According to data from Benzinga Pro, Bank of America has a 52-week high of $50.11 and a 52-week low of $32.96.