Shares of Wells Fargo & Co.
advanced 1.28% to $46.64 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. This was the stock's third consecutive day of gains. Wells Fargo & Co. closed $4.77 short of its 52-week high ($51.41), which the company reached on August 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co.
rose 0.69% to $158.16, Bank of America Corp.
rose 0.75% to $40.14, and Citigroup Inc.
rose 2.43% to $70.45. Trading volume (31.5 M) eclipsed its 50-day average volume of 26.5 M.