Shares of Wells Fargo & Co. WFC, -1.55% slipped 1.55% to $37.38 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.57% rising 0.57% to 4,050.83 and the Dow Jones Industrial Average DJIA, +0.43% rising 0.43% to 32,859.03. Wells Fargo & Co. closed $13.05 below its 52-week high ($50.43), which the company reached on March 31st.
The stock underperformed when compared to some of its competitors Thursday, as U.S. Bancorp USB, -0.81% fell 0.81% to $35.45, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) USB.PRP, +0.22% rose 0.22% to $24.36, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) USB.PRQ, +0.53% rose 0.53% to $17.86. Trading volume (22.3 M) remained 1.3 million below its 50-day average volume of 23.6 M.