Shares of Wells Fargo & Co. WFC, -0.72% advanced 1.99% to $44.14 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.22% falling 1.13% to 3,901.35 and Dow Jones Industrial Average DJIA, -1.04% falling 0.56% to 30,961.82. This was the stock’s second consecutive day of gains. Wells Fargo & Co. closed $16.16 below its 52-week high ($60.30), which the company reached on February 10th.
The stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co. JPM, -0.88% rose 1.51% to $117.87, Bank of America Corp. BAC, -1.10% rose 1.89% to $34.51, and Citigroup Inc. C, -1.16% rose 0.02% to $48.44. Trading volume (13.2 M) remained 2.7 million below its 50-day average volume of 15.8 M.