Bank of America Corp Shares Surges by 1.8% as Revenue Increases

Qadir AK October 16, 2019

Less than a minute

Bank of America Corp, BAC saw a sudden rise in share prices. It rose by 1.8% in premarket trading. The market analysis had reported a steady fall in BAC share market prices. However, the fall was lesser than expected. Alternatively, revenue also increased. Total revenue rose to $22.81 billion from $22.72 billion. Currently, BAC is trading at $30.28

The reason behind this unexpected rise is being credited to Warren Buffett wanting to boost Berkshire Hathaway’s stake by 10%. The stock has gained 2.6% in the last 3 months. There are several bullish claims that BAC prices will climb higher in the coming days.

Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.