Bank of America (BAC) Stock Drops Despite Market Gains: Important Facts to Note

Bank of America (BAC) closed the latest trading day at $39.67, indicating a -0.63% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.16%.Coming into today, shares of the nation's second-largest bank had lost 2.85% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 2.97%.Analysts and investors alike will ...