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Banking Index Rallies to 8-Month High, BofA Crosses $9

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Published: Thursday, 15 Mar 2012 | 1:28 PM ET
Nell Redmond
A Bank of America branch.

Financial stocks led the way Thursday, as Bank of America crossed the $9 mark.

Shares of Bank of America rose to their highest level since Aug. 8, and are currently trading 20 percent above their 50-day moving average.

The stock is up 82 percent from the close of $4.987 on Dec. 19, its lowest price since March 2009.

Similarly, the PHLX KBW Banking Index spiked to an eight-month high.

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Bank of America stock is up 82 percent from the close of $4.987 on Dec. 19, its lowest price since since March 2009.
  Price   Change %Change
KBW BANK ---
BAC ---

   
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