Shares of Bank of America Corp.
rallied 4.47% to $45.07 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. The stock's rise snapped a three-day losing streak. Bank of America Corp. hit a new 52-week high, surpassing its previous peak of $44.87, which the company achieved on October 7th.
The stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co.
rose 1.53% to $163.47, Citigroup Inc.
rose 0.77% to $70.80, and Wells Fargo & Co.
fell 1.61% to $45.31. Trading volume (81.7 M) eclipsed its 50-day average volume of 45.6 M.