Shares of Bank of America Corp. BAC, +0.86% inched 0.86% higher to $26.99 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.06% rising 1.06% to 4,373.63 and the Dow Jones Industrial Average DJIA, +0.93% rising 0.93% to 33,984.54.Bank of America Corp. closed $11.61 below its 52-week high , which the company reached on November 11th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as JPMorgan Chase & Co. JPM, -0.10% fell 0.10% to $147.85 and Wells Fargo & Co. WFC, +1.68% rose 1.68% to $41.65. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
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Amid a rocky market in preferred securities, Bank of America finds opportunityBank of America is cautious on preferred securities, but sees some relative value in these names.
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