Shares of Bank of America Corp. (NYS:BAC) rallied 2.88% to $46.37 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index (S&P:SPX) rising 0.75% to 4,471.37 and the Dow Jones Industrial Average (DOW:DJIA) rising 1.09% to 35,294.76. This was the stock's second consecutive day of gains. Bank of America Corp. hit a new 52-week high, surpassing its previous peak of $45.10, which the company reached on October 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. (NYS:JPM) rose 1.92% to $166.61, Citigroup Inc. (NYS:C) rose 2.10% to $72.29, and Wells Fargo & Co. (NYS:WFC) rose 6.78% to $48.38. Trading volume (63.9 M) eclipsed its 50-day average volume of 46.6 M.