Why Bank of America’s Stock Is Climbing Again on Wednesday
For the second day in a row, shares of Bank of America (NYSE: BAC) are handily outperforming the broader market. Halfway through the trading day, Bank of America's stock is up 2.1%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) is marginally down thus far for the day.
The rally in Bank of America's stock on Wednesday comes on the heels of a similar move on Tuesday. Yesterday, shares of the nation's second-biggest bank by assets rose 3.9%. Taken together, that puts Bank of America's two-day rally at 6%, assuming its stock doesn't retreat before the end of the day.
Data source: YCharts.com. Chart by author.
Source: Fool.com
Bank of America Corp. Stock
€37.24
-2.580%
Currently there is a rather positive sentiment for Bank of America Corp. with 28 Buy predictions and 5 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 12.8% for Bank of America Corp. compared to the current price of 37.24 €.
