Shares of Wells Fargo & Co. WFC, -0.12% dropped 0.51% to $48.46 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -0.83% rising 0.81% to 4,582.64 and the Dow Jones Industrial Average DJIA, -0.34% rising 0.30% to 34,921.88. Wells Fargo & Co. closed $11.84 short of its 52-week high ($60.30), which the company reached on February 10th.
The stock underperformed when compared to some of its competitors Monday, as JPMorgan Chase & Co. JPM, -0.90% rose 0.44% to $135.91, Bank of America Corp. BAC, -1.08% fell 0.17% to $40.83, and Citigroup Inc. C, -2.22% rose 0.90% to $52.80. Trading volume (23.7 M) remained 8.8 million below its 50-day average volume of 32.5 M.