Benzinga | Sep 22, 2021 11:36AM EDT

Why Bank Of America Shares Are Rising

Shares of banks and financial services companies, including Bank of America Corp (NYSE: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.