In Monday's trading session, shares of BlackRock Inc (NYSE:BLK). saw a bounce back, rising by 1.24% to $635.45, following a two-day slump. Despite the recovery, the stock closed $150.20 lower than its annual peak of $785.65, which was achieved on November 11th. The firm's performance was mixed when compared to its competitors.
The broader market also experienced an uptick with the S&P 500 Index and the Dow Jones Industrial Average gaining 1.06% and 0.93% respectively. In this upbeat market environment, BlackRock managed to outperform JPMorgan Chase & Co. (NYSE:JPM), which recorded a minor drop of 0.10%.
However, BlackRock fell short when compared to Wells Fargo & Co., and Morgan Stanley who both enjoyed increases of 1.68% and 1.21%. The day's trading volume for BlackRock was notably high at 695,240, exceeding its 50-day average volume.
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