Shares of Bank of America Corp. BAC rallied 5.81% to $28.98 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.62% to 3,635.41 and the Dow Jones Industrial Average DJIA rising 1.54% to 30,046.24. This was the stock's second consecutive day of gains. Bank of America Corp. closed $6.74 short of its 52-week high ($35.72), which the company reached on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as JPMorgan Chase & Co. JPM rose 4.62% to $123.32, Citigroup Inc. C rose 7.05% to $57.06, and Wells Fargo & Co. WFC rose 8.78% to $28.61. Trading volume (79.6 M) eclipsed its 50-day average volume of 60.3 M.