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Shares of "too big to fail" big banks JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Wells Fargo (NYSE: WFC) all rallied big in November, with their stocks increasing 12.5%, 13.6% ...
Here's why it's time for the software sector to shine, according to Bank of America. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel.
Citigroup shares closed up 2.5%, Bank of America rose 1.4%, and Wells Fargo edged up 1.1% as the banking giants’ stocks gave back some of their earlier gains.
It is now up more than 8% for the year. The individual stocks of several well-known regional banks also surged over the last week, including PNC ( PNC ) and US Bancorp ( USB ).
As Wall Street searches for a catalyst to stop the slide in the stock market, some strategists are looking to the banking sector for help. "US bank stocks are the market's Achilles' heel just now ...
The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
U.S. stocks moved higher early Tuesday following U.S. and European efforts to stabilize the banking system. Stock market news today: Banks lead stock surge, yields rise as all eyes turn to Fed [Video]
U.S. stocks rallied Tuesday, as crucial inflation data came in line with expectations. Regional bank stocks soared, clawing back some of their losses in the wake of the Silicon Valley Bank fallout.