Bank of America (NYSE:BAC) Shares Up 1.3% - Here's What Happened

Bank of America (NYSE:BAC) shares rose 1.3% to $64.82, nearing a record high, driven by major growth initiatives. These include a $1.9 billion investment for a 49.9% stake in Jio Credit in India and a $250 billion commitment for U.S. technology, energy, and infrastructure projects. The bank also increased its quarterly dividend but has tightened data-center lending standards due to associated risks.