Why Bank of America and Citigroup Are Trading Higher Today

Bram Berkowitz, The Motley Fool

September 23, 2021 at 3:52 p.m.·2 min read

Why Bank of America and Citigroup Are Trading Higher Today

Shares of Bank of America (NYSE: BAC) and Citigroup (NYSE: C) were trading nearly 4% higher in the final hour of trading Thursday as the broader market rallied from what has been a difficult few weeks. Like a lot of the market, bank stocks got hit hard on the news about China Evergrande Group (OTC: EGRN.F), and on fears over what the property developer's situation could mean for the Chinese real estate market, which has gotten quite frothy. For that reason, bank stocks have struggled in recent days.

The Independent
Columbia’s senate calls for investigation into university president over reaction to Gaza protests
The sentate voted on Friday to approve the resolution calling for an investigation on Friday, which was adopted by a vote of 62-14
5 minutes ago
The Independent
Gen-Z sees the Gaza protests as their 1968 moment: ‘We built this on their legacy’
An anti-war movement is spreading on college campuses across America and beyond. Protests have been met with police violence, mass arrests and an unbending political class — all of which have only fuelled the demonstrations further. A hot summer of protest looms, and the stage is set for a showdown at the Democratic National Convention in Chicago, writes Richard Hall
6 minutes ago
KCCI - Des Moines Videos
Video of tornado damage near Manilla, Iowa
Video of tornado damage near Manilla, Iowa
7 minutes ago
People
“We're Here”'s New Stars Recall Spreading 'Joy and Sparkle' amid Drag Ban and Finding 'Purpose' in Season 4 (Exclusive)
The new season of Emmy-winning HBO show features drag queens Sasha Velour, Priyanka, Jaida Essence Hall, and Latrice Royale and filmed in states where drag performances were banned
7 minutes ago
The Canadian Press
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. Fulton Bank, which is based in Lancaster, Pennsylvania, agreed to assume substantially all of the failed bank's deposits and buy essentially all of its assets, th
8 minutes ago
WCPO - Cincinnati Scripps
Erlanger man worried about safety because of 18-foot drop next to his house
The steep hill is on city property, but the city says any guardrails on the site can't be installed because it would primarily benefit private property owners.
8 minutes ago
The Weather Network
Muggy air, storm risk build in southern Ontario this weekend
Temperatures and humidity are on the rise across southern Ontario as unsettled weather pushes into the region
8 minutes ago
The Canadian Press
Evacuation alert lifted as wildfire in northeastern B.C. now 'held'
CHETWYND, B.C. — An evacuation alert for residents in areas around Chetwynd, B.C., has been lifted just days after a wildfire forced some residents from their homes. Peace River Regional District in B.C.'s northeast cancelled the alert and lifted a state of local emergency that had been in place. BC Wildfire Services lists the nearby 76-hectare Wildmare Creek fire as "being held" after it led to the first evacuation order of the wildfire season in the province earlier this week. The evacuation o
9 minutes ago
People
“X-Files”' Gillian Anderson Reminisces on Her Time in the FBI with Taylor Swift Meme
The actress starred in the Fox sci-fi series as Agent Dana Scully from 1993 to 2002 and 2016 to 2018
9 minutes ago
KETV - Omaha Videos
Omaha officials give update on tornado damage response
Omaha officials give update on tornado damage response
9 minutes ago
USA TODAY Sports
Rams pick Florida State DT Braden Fiske in 2nd round of 2024 NFL draft. What to know
DT Braden Fiske began at Western Michigan before transferring to FSU in 2023. Here's everything you need to know about Fiske.
9 minutes ago
USA TODAY Sports
Titans pick Texas DT T'Vondre Sweat in second round of 2024 NFL Draft. What to know
The hulking defensive lineman has drawn comparisons to Vita Vea and Vince Wilfork. Here's what the NFL can expect from him on Sundays.
10 minutes ago
Insider Monkey
15 Countries with the Lowest Saving Rates in Europe
In this article, we will look at the 15 countries with the lowest saving rates in Europe. If you want to skip our detailed analysis, you can go directly to the 5 Countries with the Lowest Saving Rates in Europe. While saving can be considered a mere choice, in a broader perspective, it depends on factors […]
10 minutes ago
HuffPost
Despite All The Problems We're Facing, TikTok Was The Biggest Issue For Biden And Congress
President Joe Biden signed a foreign aid bill that included a potential TikTok ban unless its Chinese owners sell the platform.
11 minutes ago
Associated Press Videos
Paramedic who injected Elijah McClain with ketamine before his death avoids prison
Former paramedic Jeremy Cooper was sentenced to probation in the death of Elijah McClain. Cooper faced up to three years in prison after being found guilty last year of criminally negligent homicide for administering a dose of the sedative ketamine to McClain.
12 minutes ago
The Canadian Press
Retired pro wrestler, failed congressional candidate indicted in Vegas murder case
LAS VEGAS (AP) — A retired professional wrestler and former congressional candidate in Nevada and Texas has been indicted on a murder charge in the death of an Idaho man who suffered a head injury during a Halloween Party at a Las Vegas Strip hotel. Daniel Rodimer, 45, who now lives in Texas, is expected to appear before a Nevada judge May 8 following his indictment Friday in the death of Christopher Tapp. His defense attorneys, David Chesnoff and Richard Schonfeld, said Friday that Rodimer “mai
12 minutes ago
The Independent
The Simpsons producer issues apology for upset caused by death of long-running character
‘We really wanted to use Larry’s death as a way to show that even the most peripheral people in our lives have dignity and worth,’ said executive producer Tim Long
12 minutes ago
Snopes
What We Know About Claims That Israel Lured and Shot Palestinians Using Drones Playing Recordings of Crying Infants
The incendiary claim sounds like propaganda, but it is not as far-fetched as some suggest.
12 minutes ago
WEWS-Cleveland Videos
1 YEAR LATER: Browns OT Dawand Jones talks Draft experience, motivation from falling into 4th round
Last year, Jones was gearing up to enter the 2023 NFL Draft. His collegiate playing days were over, and the 6-foot-8, 374-pound offensive lineman was set to go pro.
13 minutes ago
Storyful
Tornado Touches Down in Southeast Kansas
A tornado touched down in southeast Kansas, on Friday, April 26, as multiple storms swept through the region.This footage was filmed by Chad Casey, who said he captured it in Fredonia on Friday afternoon.According to the National Weather Service, two confirmed tornados touched down in the area on Friday afternoon. Credit: Chad Casey via Storyful
13 minutes ago

Latest Stories