Why Shares of Bank of America, Citigroup, and JPMorgan Chase Are Rising Today
Major Wall Street bank stocks rose along with the broader market today after a lot of selling in recent weeks and as investors look for the Federal Reserve to potentially pivot on monetary policy. Shares of Bank of America (NYSE: BAC) traded nearly 3.7% higher in the final hour of trading today. Shares of Citigroup (NYSE: C), traded nearly 4% higher, and shares of JPMorgan Chase (NYSE: JPM) were up more than 4%.