JPMorgan Chase – State Street Corp. stock outperforms competitors despite losses on the day
Shares of State Street Corp.
slipped 1.40% to $78.20 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 1.34% to 3,768.47 and Dow Jones Industrial Average
falling 1.11% to 30,924.14. The stock’s fall snapped a three-day winning streak. State Street Corp. closed $2.88 short of its 52-week high ($81.08), which the company achieved on January 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as JPMorgan Chase & Co.
fell 1.54% to $150.56, Bank of America Corp.
rose 0.72% to $36.50, and Citigroup Inc.
fell 0.81% to $69.81. Trading volume (5.7 M) eclipsed its 50-day average volume of 2.8 M.