Shares of Bank of America Corp. BAC, -0.20% shed 0.20% to $49.28 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.45% rising 1.45% to 4,587.18 and the Dow Jones Industrial Average DJIA, +0.86% rising 0.86% to 35,768.06. The stock’s fall snapped a three-day winning streak. Bank of America Corp. closed $0.80 short of its 52-week high ($50.08), which the company achieved on January 10th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. JPM, +0.42% rose 0.42% to $156.60, Citigroup Inc. C, +1.07% rose 1.07% to $67.84, and Wells Fargo & Co. WFC, +0.53% rose 0.53% to $59.06. Trading volume (33.8 M) remained 20.0 million below its 50-day average volume of 53.7 M.