Here's Why JPMorgan Chase, Bank of America, and Other Bank Stocks Are Rising Today
The stock market started the week on a high note. As of 3:30 p.m. EDT Monday, both the Dow Jones Industrial Average and S&P 500 indexes are up by about 6%.
Bank stocks were rising along with the overall market, and in some cases, by even more. JPMorgan Chase (NYSE: JPM) was up by 5%, both Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS) were higher by 6%, and Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) were the standouts, both with 8% gains for the day.
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Source Fool.com
