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Stocks Climb as U.S. Banks Start Reporting Earnings

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Stocks Climb as U.S. Banks Start Reporting Earnings

Stocks Climb as U.S. Banks Start Reporting Earnings*/

– U.S. financial stocks rose Friday, as the start of banks’ earnings season reignited buying in the sector after its postelection rally had stalled.Shares of J.P. Morgan Chase, Bank of America and Wells Fargo jumped after the banks reported quarterly results.The gains spread to other lenders, sending the KBW Nasdaq Bank index up 0.9%.
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Stocks Climb as U.S. Banks Start Reporting Earnings

Stocks Climb as U.S. Banks Start Reporting Earnings*/

– U.S. financial stocks rose Friday, as the start of banks’ earnings season reignited buying in the sector after its postelection rally had stalled.Continue Reading BelowShares of J.P. Morgan Chase, Bank of America and Wells Fargo jumped after the banks reported quarterly results.The gains spread to other lenders, sending the KBW Nasdaq Bank index up 0.9%.
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Cracks in U.S. Mortgage Demand Grow as Banks Signal Fed’s Impact

Cracks in U.S. Mortgage Demand Grow as Banks Signal Fed’s Impact*/

– Wells Fargo & Co. and Bank of America Corp. said they’re starting to see demand for home loans taper as the Federal Reserve raises interest rates.The most important market news of the day.Get our markets daily newsletter.
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