Here's Why Wells Fargo, Citigroup, and Other Bank Stocks Are Soaring Friday
The stock market continued its remarkable rally on Friday, thanks to a blowout jobs report and general optimism about the economic recovery as states continue to reopen. The financial sector was one of the market's strongest performers, and big bank stocks in particular were having a strong day. Citigroup (NYSE: C) was leading the group with an 8% gain, while Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), and U.S. Bancorp (NYSE: USB) were all up by more than 6%.
