Shares of JPMorgan Chase & Co.
advanced 1.55% to $164.01 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 1.49% to 4,173.85 and the Dow Jones Industrial Average
rising 1.06% to 34,382.13. This was the stock’s second consecutive day of gains. JPMorgan Chase & Co. hit a new 52-week high, surpassing its previous peak of $163.73, which the company achieved on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Bank of America Corp.
rose 1.24% to $42.36, Citigroup Inc.
rose 1.69% to $76.56, and Wells Fargo & Co.
rose 1.21% to $46.96. Trading volume (10.5 M) remained 4.5 million below its 50-day average volume of 14.9 M.