Here's Why Big Bank Stocks are Rising Monday
The stock market is starting the week on a high note, with the Dow Jones Industrial Average and S&P 500 index both up by approximately 1.5% at 2:45 p.m. EDT.
While the overall market is strong, the financial sector is one of its best-performing parts. All of the "big four" banks are handily outperforming the broader averages -- Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) were both higher by 5%, Citigroup (NYSE: C) was up by more than 7%, and JPMorgan Chase (NYSE: JPM) had risen by more than 4% on the day.
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Source Fool.com
