Why Bank Of America Shares Are Rising

Shares of banks and financial services companies, including Bank of America Corp BAC, are trading higher as Treasury yields rise ahead of today's conclusion of a two-day Fed meeting. Stocks across sectors have also rebounded following Monday's selloff.

Bank of America provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Bank of America shares are trading higher by 2.6% at $40.15. Bank of America has a 52-week high of $43.49 and a 52-week low of $22.95.

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