Shares of Bank of America Corp. inched 0.76% higher to $34.38 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.28% to 3,969.61 and the Dow Jones Industrial Average rising 0.80% to 33,973.01. This was the stock’s second consecutive day of gains. Bank of America Corp. closed $15.73 short of its 52-week high ($50.11), which the company achieved on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. rose 0.74% to $139.63 and Wells Fargo & Co. rose 0.90% to $42.74. Trading volume (36.6 M) remained 1.1 million below its 50-day average volume of 37.6 M.