Shares of First Republic Bank /zigman2/quotes/200683073/composite FRC -4.22% advanced 2.63% to $193.47 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.08% rising 1.52% to 4,323.06 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% rising 1.62% to 34,511.99. The stock's rise snapped a two-day losing streak. First Republic Bank closed $8.60 below its 52-week high ($202.07), which the company achieved on July 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Bank of America Corp. /zigman2/quotes/200894270/composite BAC -1.74% rose 2.06% to $37.69, SVB Financial Group /zigman2/quotes/200548254/composite SIVB -1.02% rose 4.99% to $561.65, and East West Bancorp Inc. /zigman2/quotes/206183036/composite EWBC +0.86% rose 3.56% to $68.68. Trading volume (784,541) eclipsed its 50-day average volume of 670,780.