Bank of America Stocks Experience Decline in Trading Session

Bank of America Corp. (BAC) witnessed a decline of 3.20% in its shares on Tuesday, reaching a price of $29.94. This drop in value took place during a challenging trading session for the stock market as a whole. The S&P 500 Index (SPX) fell by 1.16% to 4,437.86, while the Dow Jones Industrial Average (DJIA) experienced a decrease of 1.02% to 34,946.39.

This recent decrease marked the second consecutive day of losses for Bank of America Corp. However, it is worth noting that the company's stock closed at $8.66 below its 52-week high of $38.60, which was achieved back on November 11th.

In comparison to its competitors, Bank of America Corp.'s performance on Tuesday was not as favorable. JPMorgan Chase & Co. (JPM) saw a decline of 2.55% to $150.83, while Wells Fargo & Co. (WFC) experienced a decrease of 2.31% to $42.73.

Despite these challenges, the trading volume for Bank of America Corp. remained relatively stable, with 42.9 million shares being traded. This figure was only 1.4 million below the company's 50-day average volume of 44.3 million.

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