Bank of America Corporation (NYSE:BAC)’s stock closed higher last week at $15.89 a share, up 2.19% from the previous close of $15.55. The question today, however, is whether the stock will continue to rally in today’s trading session.
Bank of America Corporation (NYSE:BAC)’s stock opened at $15.88 a piece on Friday but dropped to $15.81 during the session. It hit a high of $16.02 before closing at $15.89.
A total of 88.57 million shares exchanged hands on Friday, raising its total market capitalization to $166.35 billion. The stock recorded its year’s highest of $18.48 on August 24, 2015 and its lowest of $14.60 on July 22, 2015.
Bank of America Corporation (NYSE:BAC) is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.
Based on the hedge funds that we track, Bruce Berkowitz’s Fairholme (Fairx) holds the biggest stake in Bank of America Corp with 75.49 million shares valued at $1.28 billion. – BusinessNewsAsia.com