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Financials Surge Again After JPMorgan Results; JPMorgan Up 13%, Bank of America Up 13%, More...
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Financials are significantly higher across the board again following better-than-expected results from JPMorgan (NYSE: JPM). Yesterday, better-than-expected results from Wells Fargo and a crack-down on short sellers triggered the move.
Stocks:
JPMorgan (NYSE: JPM) is up 13%
Fannie Mae (NYSE: FNM) is up 32%
Freddie Mac (NYSE: FRE) is up 22%
Citigroup Inc. (NYSE: C) is up 10%
Merrill Lynch (NYSE: MER) is up 13%
Bank of America (NYSE: BAC) is up 13%
Lehman Brothers Holdings Inc. (NYSE: LEH) is up 14%
Goldman Sachs (NYSE: GS) is up 4%
Morgan Stanley (NYSE: MS) is up 4%
Wachovia Corporation (NYSE: WB) is up 11%
Washington Mutual Inc. (NYSE: WM) is up 18%
Wells Fargo (NYSE: WFC) is up 2%
ETF's:
Ultra Financials ProShares (AMEX: UYG) is up 15%
Financial Select Sector SPDR (AMEX: XLF) is up 5%
KBW Regional Banking ETF (AMEX: KRE) is up 10%
UltraShort Financials ProShares (AMEX: SKF) down 11%
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