Shares of Bank of America Corp. rallied 2.03% to $44.22 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,345.72 and the Dow Jones Industrial Average rising 0.92% to 34,314.67. This was the stock’s third consecutive day of gains. Bank of America Corp. hit a new 52-week high, surpassing its previous peak of $44.07, which the company achieved on October 4th.
The stock outperformed some of its competitors Tuesday, as JPMorgan Chase & Co. rose 1.63% to $168.66, Citigroup Inc. rose 1.74% to $72.53, and Wells Fargo & Co. rose 2.00% to $47.96. Trading volume (54.0 M) eclipsed its 50-day average volume of 45.6 M.