Financials Gaining Strength: GS, BAC, C Turn Positive

After starting today's session marginally (compared to the moves we have seen recently) lower, financial stocks appear to be gaining upside momentum. Citigroup (NYSE: C), Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) have all now turned well into positive territory.

The Direxion Financial Bull 3x ETF (NYSE: FAS), commonly referred to as "the FAS", is now down just 3.5% after gapping 7% lower.

Here is an update on the price action of some of the most popular financial stocks:

• Citi - up 4% to $2.84
  
• Goldman - up 0.8% to $117.47
  
• BofA - up 0.4% to $7.52
  
• Morgan Stanley - up 0.5% to $23.43
  
• Wells Fargo (NYSE: WFC) - down 1.6% to $15.03
  
• JPMorgan (NYSE: JPM) - down 2.6% to $27.47
  
• US Bancorp (NYSE: USB) - down 2.9% to $14.80
  
• State Street (NYSE: STT) - down 1.4% to $32.70
  
• Bank of New York Mellon (NYSE: BK) - down 1.7% to $27.68

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