Shares of Bank of America Corp.
rallied 1.14% to $38.13 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.24% to 4,422.30 and the Dow Jones Industrial Average
rising 0.24% to 35,144.31. The stock’s rise snapped a two-day losing streak. Bank of America Corp. closed $5.36 short of its 52-week high ($43.49), which the company achieved on June 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as JPMorgan Chase & Co.
rose 0.67% to $151.65, Citigroup Inc.
rose 1.59% to $67.77, and Wells Fargo & Co.
rose 0.94% to $45.01. Trading volume (32.1 M) remained 13.4 million below its 50-day average volume of 45.6 M.