Bank of America (BAC) shares rose 2.35%, trading at $57.27 in the open market, driven primarily by strong performance across the financial sector and alignment with positive overall market sentiment.
- The gains coincided with a strong market day, as the Dow climbed 1.57% amid geopolitical shifts in Venezuela that provided a boost to the energy sector.
- Momentum is further supported by recent analyst upgrades, including Barclays setting a price target of $71, ahead of BAC's scheduled earnings report on January 14.