Bank stocks ripped higher this week as second-quarter earnings reports began to come out, giving investors a sigh of relief and allowing them to buy the group from low valuations.

Shares of the large brokerage Charles Schwab (NYSE: SCHW) traded roughly 15.4% higher for the week as of 12:45 p.m. ET Thursday, according to data from S&P Global Market Intelligence. Meanwhile, shares of  (NYSE: KEY) also traded more than 16.2% higher, while shares of Citizens Financial Group (NYSE: CFG) were up nearly 11%.

Earlier this week, Schwab reported adjusted earnings per share of $0.75 on total revenue of roughly $4.66 billion, both numbers beating consensus estimates.

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Source Fool.com