Bank of America Shares Finally Recover From 2008 Financial Crisis

Bank of America BAC 1.06%increase; green up pointing triangle notched a symbolic win on Friday when its stock closed at $55.14, the first record-high price for the country’s second-biggest bank since before the 2008 financial crisis.

Like other banks that were damaged during the crisis, Bank of America has struggled to get its stock price back to the highs seen when George W. Bush was still president. Citigroup shares also haven’t recovered to their past high of around $530 in 2007.