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Benzinga
Benzinga
Business
Henry Khederian

Why Bank Of America Shares Are Rising Today

Bank of America Bank of America Corp

Bank of America Corp (NYSE:BAC) shares are trading higher by 6.72% at $36.12. Shares of several banks and financial services are trading higher in sympathy with JPMorgan Chase & Co (NYSE:JPM) after the company issued fourth-quarter and FY22 financial targets.

JPMorgan said it expects net interest income to build throughout the year, leading to a fourth-quarter run rate of $66 billion plus. The bank also said that a 17% return on tangible common equity… Read More

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