Bank of America's stock jumped 8.6 percent Thursday on a good day for bank stocks as rumors swirled about a possible new federal home refinancing program.
The stock closed at $6.31, up 50 cents from the day before. It marked the largest one-day surge since Oct. 18, when the stock gained 10.1 percent.
The KBW Bank Index finished up 2 percent.
Rumors abounded Thursday that the Obama administration might launch a new loan refinancing program for government-sponsored entity mortgages. The Labor Department also reported positive job numbers.