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Bank of America's Trading Volume Ranks 46th as Mortgage Applications Surge 80%
Generated by AI AgentAinvest Market Brief
Monday, Mar 31, 2025 8:00 pm ET1min read
On March 31, 2025,
(BAC) saw a trading volume of 15.07 billion, ranking 46th in the day's stock market activity. The stock price increased by 1.16%.Bank of America reported an 80% surge in mortgage applications during the first quarter of this year. This significant increase was driven by a growing home inventory, which attracted more buyers to the market. The bank's mortgage applications saw a substantial jump from January to March, reflecting a strong demand for home loans.
Bank of America Corporation is structured around five key areas of activity: commercial banking, business and investment banking, wealth management and asset management, market banking, and other services. As of the end of 2023, the bank managed USD 1,923.8 billion in current deposits and USD 1,053.7 billion in current credits, showcasing its robust financial position and extensive customer base.
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