Financials Extend Gains: XLF Up 5.6% After Opening Today Down 2%

After opening this morning's session slightly lower, financial stocks across the board have rallied steadily throughout the day. The Financial Select SPDR ETF (NYSE: XLF) is now up 5.6% to $11.22 after starting today's trading session down more than 2% from Thursday's close. The FAS, or Financial Bull 3x ETF (NYSE: FAS) has now risen more than 13% after opening today down more than 6%.

Shares of Citigroup (NYSE: C) are now up more than 24% to $3.77, Bank of America (NYSE: BAC) is up 15% to $11, Goldman Sachs (NYSE: GS), which will report its quarterly earnings tomorrow before the market opens, is up 5% to $130.67 and Morgan Stanley (NYSE: MS) is up 7% to $27.11.

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