End Sharply Higher Ahead Of Q3 Bank Earnings
What you need to know…
A rally in bank stock Thursday was bullish for the overall market on optimism that banks’ Q3 earnings results will beat expectations. Q3 results begin Friday with quarterly earnings from $JPMorgan (JPM.US)$ , $Citigroup (C.US)$ , $Wells Fargo & Co (WFC.US)$ , $Morgan Stanley (MS.US)$ , and U.S. Bancorp.
Today’s stock movers…
Optimism about Q3 bank earnings sparked a rally in bank stocks Thursday. $Blackrock (BLK.US)$, $Fifth Third Bancorp (FITB.US)$ , $Huntington Bancshares (HBAN.US)$ , and $Bank of America (BAC.US)$ closed up more than +6%. Also, $JPMorgan (JPM.US)$ closed up more than +5% to lead gainers in the Dow Jones Industrials. In addition, $U.S. Bancorp (USB.US)$ , $Lincoln National (LNC.US)$ , $Bank of New York Mellon (BK.US)$ , and $Citigroup (C.US)$ closed up more than +5%.
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