Banks Drive Wall Street Higher
- 5 years ago
According to Reuters, bank stocks are trading up after a couple positive earnings reports.
Shares for Goldman Sachs surged by 8.3-percent after topping quarterly revenue estimates, putting their stock on track for its best day in seven years.
Bank of America spiked by 7.6-percent after reporting growth in its loan book, which led to better-than-expected profits.
The earnings reports boosted the S&P 500's financial and banking sectors, which rose between 2-and-3 percent each.
Shares for Goldman Sachs surged by 8.3-percent after topping quarterly revenue estimates, putting their stock on track for its best day in seven years.
Bank of America spiked by 7.6-percent after reporting growth in its loan book, which led to better-than-expected profits.
The earnings reports boosted the S&P 500's financial and banking sectors, which rose between 2-and-3 percent each.