Bank of America Stock Just Hit a Record High. Here's What It Means Ahead of Earnings
Yahoo Finance ·
Bank of America ( BAC +0.18% ) , the second-largest bank in the U.S. by assets, hit a new all-time high today, with the stock topping $60 per share. Many large bank stocks have had a good year thus far, particularly the investment banks, which have benefited from some massive artificial intelligence initial public offerings. However, some of the money-center banks, such as Bank of America, have not performed as well. The stock is up about 7.5%, trailing the broader market S&P 500 Index and the Nasdaq Bank Index. Here’s what it means ahead of second-quarter earnings.
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