Shares of Bank of America Corp. BAC rose 1.29% to $29.06 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.18% to 3,669.01 and the Dow Jones Industrial Average DJIA rising 0.20% to 29,883.79. This was the stock's second consecutive day of gains. Bank of America Corp. closed $6.66 below its 52-week high ($35.72), which the company reached on December 27th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. JPM rose 1.92% to $122.04, Citigroup Inc. C rose 3.12% to $57.20, and Wells Fargo & Co. WFC rose 2.89% to $28.87. Trading volume (43.8 M) remained 15.0 million below its 50-day average volume of 58.8 M.