Shares of First Republic Bank /zigman2/quotes/200683073/composite FRC -2.50% rose 1.36% to $199.82 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.47% rising 0.15% to 34,987.02 and the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.32% falling 0.33% to 4,360.03. This was the stock's second consecutive day of gains. First Republic Bank closed $2.25 below its 52-week high ($202.07), which the company reached on July 14th.
The stock outperformed some of its competitors Thursday, as Bank of America Corp. /zigman2/quotes/200894270/composite BAC -1.21% fell 0.08% to $38.83, SVB Financial Group /zigman2/quotes/200548254/composite SIVB -1.88% rose 0.09% to $580.73, and East West Bancorp Inc. /zigman2/quotes/206183036/composite EWBC 0.00% rose 0.23% to $70.95. Trading volume (949,515) eclipsed its 50-day average volume of 643,258.