Investors Buying Bank Stocks Hand Over Fist After EU Deal (MS) (BAC) (C) (GS) (JPM) (WFC)

Bank stocks are on cruise control Thursday following a Euro-zone deal overnight that appears to take a global banking sector liquidity crisis off the table.

Much of the upside can be attributed to short covering.

Around the sector:
Morgan Stanley (NYSE: MS) +11%
Citigroup, Inc. (NYSE: C) +8%
The Goldman Sachs Group, Inc. (NYSE: GS) +6%
Bank of America Corporation (NYSE: BAC) +7%
JPMorgan Chase & Co. (NYSE: JPM) +7%
Wells Fargo & Company (NYSE: WFC) +4%

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