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