Shares of Bank of America Corp. BAC rose 2.55% to $24.09 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.61% to 3,351.60 and the Dow Jones Industrial Average DJIA rising 1.51% to 27,584.06. This was the stock's third consecutive day of gains. Bank of America Corp. closed $11.63 short of its 52-week high ($35.72), which the company achieved on December 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as JPMorgan Chase & Co. JPM rose 2.88% to $96.16, Wells Fargo & Co. WFC rose 0.76% to $23.82, and Citigroup Inc. C rose 3.14% to $43.34. Trading volume (47.8 M) remained 9.9 million below its 50-day average volume of 57.7 M.