Here's Why Citigroup and Other Big Bank Stocks are Rising on Thursday
The stock market is rising on Thursday, a strong end to an already great week, with the market closed for Good Friday. As of 11:30 a.m. EDT, the Dow Jones Industrial Average and S&P 500 benchmark indexes were both up by more than 1%.
The financial sector was a particularly strong point. The Financial Select Sector SPDR ETF (NYSEMKT: XLF) was higher by 4.5%, and most big bank stocks were following suit. Citigroup (NYSE: C) and JPMorgan Chase (NYSE: JPM) had both risen by nearly 7%, and Bank of America (NYSE: BAC) had gained about 4.3% for the day.
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Source Fool.com
