Wednesday, July 11, 2012

Once Again, Bank of America Wins the Month

Bank of America (BAC) was once again the best-preforming stock in the Dow in February, after topping its blue-chip peers in January.

The megabank rose 12% for the month, on top of its 28% gain in January. Of course, Bank of America has a long way to go to get back to its level a year ago. The stock is still� down 43% over the past year.

And BAC ended the month on an inauspicious note. The stock fell 1.7% on Wednesday amid a broader selloff among financials following testimony by Ben Bernanke that cast doubt on the possibilities for more quantitative easing.

The second-best performer in the Dow was Disney (DIS), which rose 7.9%, followed by Microsoft (MSFT), which was up 7.5%.

The worst performer? Hewlett-Packard (HPQ), down 9.5%.

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