Shares of several companies in the broader financial sector, including Bank of America Corp (NYSE:BAC), are trading higher amid an increase in US Treasury yields.
The 10-year Treasury yield hit an intraday high of 1.686% Tuesday morning before dipping to around the 1.663% level. Overall market volatility is otherwise persistent during Tuesday's session as investors continue to weigh omicron concerns.
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Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking and global markets.
Bank of America has a 52-week high of $53.14 and a 52-week low of $29.40.
