Why Bank Of America Shares Are Rising

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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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