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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% ...
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.
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.
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.
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]
These investors — which run funds that can only play one side of the market, which in this case is stocks going up — have allocations that are currently in the 2nd-percentile relative to history.
Hammered during the regional banking crisis in March, bank stocks have notably lagged the S&P 500 this year, even as they've recovered from their lows reached back in May.
Stocks closed another week at record highs as investors began to digest quarterly earnings releases and debate intensified over what the Federal Reserve will do at its November meeting.. For the ...