NEW YORK – Shares of Bank of America Corp (NYSE: BAC) finished the trading day in positive territory, staging a notable recovery after an early morning dip to close with a slight gain. Investors watched as the financial giant’s stock navigated a volatile session, ultimately signaling resilience in the market.
The stock closed at $48.45 per share, marking a modest increase of $0.060, or 0.12%, for the day. This climb came after a turbulent start to trading. Opening at $48.39, just at its previous close, the share price quickly fell to an intraday low of $47.94. However, buying pressure mounted throughout the morning, pushing the stock on a steady upward trajectory for the remainder of the session, where it peaked at a day’s high of $48.55.
This closing price places Bank of America’s stock near its 52-week high of $49.30, demonstrating significant strength when compared to its 52-week low of $33.06. The performance highlights a period of sustained positive momentum for the company’s valuation over the past year.
Key financial metrics for investors remain a focal point. At the close of the market, Bank of America reported a Price-to-Earnings (P/E) ratio of 14.19. For those focused on income, the stock holds a dividend yield of 2.31%, with a quarterly dividend amount of $0.28 per share. With a market capitalization valued in the hundreds of billions, the company’s daily performance is closely monitored as an indicator for the health of the broader financial sector.
As the official trading day concluded at 4:00 pm GMT-4, the stock’s after-hours movement showed a stable line, holding its ground just above the previous day’s close as market participants processed the day’s activity.
