Bank of America Surges to 32nd in Trading Volume Despite Stock Decline

On June 13, 2025, Bank of America (BAC) saw a significant increase in trading volume, with a total of 19.09 billion shares traded, marking a 42.16% rise from the previous day. This surge placed BAC in the 32nd position in terms of trading volume for the day. However, the stock price of BAC experienced a decline of 1.19%, marking the third consecutive day of losses, with a total decrease of 2.22% over the past three days.

Bank of America has recently appointed Satish Arcot, a seasoned executive from JPMorgan Chase, to lead its capital markets division in India. This move is part of the bank's strategy to bolster its investment banking presence in the region. Arcot, who has over two decades of experience in financial services, is set to join Bank of America as a managing director based in Mumbai later this year. This appointment follows a series of leadership changes in India, including the naming of Vikram Sahu as country head earlier this year and the promotion of Mandar Donde to head investment banking operations in April.

Bank of America's efforts to strengthen its position in India come after the departure of three senior investment bankers last November amid allegations of misconduct related to stock offerings. The bank aims to reestablish its presence in a market where it has been operating since 1964, providing investment banking services to large corporates, financial institutions, and government entities.

Additionally, Bank of America has announced plans to hire for a Enterprise Financial Risk Capital Risk Manager position in New York. This move indicates the bank's continued focus on risk management and financial stability, which are crucial for maintaining investor confidence and ensuring long-term growth.