Among the biggest risers on the S&P 500 on Wednesday February 03 was Bank of America Corporation ($(BA)C), popping some 1.77% to a price of $31.58 a share with
some 49.25 million shares trading hands.
Starting the day trading at $30.91, Bank of America Corporation reached an intraday high of $31.73 and hit intraday lows of $30.88. Shares gained $0.55 apiece by day’s end. Over the last 90
days, the stock’s average daily volume has been n/a of its 8.65 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day
SMA at $n/a with a 52-week range of $17.96 to $35.46.
Bank of America is one of the largest financial institutions in the United States, with more than $2.3 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America‘s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.
Bank of America Corporation has its corporate headquarters located in Charlotte, NC and employs 211,000 people. Its market cap has now risen to $273.19 billion after today’s trading, its P/E
ratio is now n/a, its P/S n/a, P/B 1.1, and P/FCF n/a.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional
investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting
method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
To get more information on Bank of America Corporation and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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