Monday, January 9, 2012

Bank of America tops in Dow index through first week

Sure, it's only been a week, but Bank of America's stock has performed the best out of the Dow Jones Industrial Average so far this year.

Shares in the Charlotte-based bank, which fared the worst in the 30-company average last year, have increased nearly 13 percent in the first five trading days of the year. Shares closed at $6.27 on Monday, its fourth increase in five days.

The Dow index has grown just more than 1 percent.

Of course, in the first week of trading last year, the bank's shares gained nearly 7 percent. It would go on to fall 58 percent as the bank struggled with legal claims stemming from the mortgage crisis.