Bank Stocks Gain Following FOMC Statement

Banks were among gainers Wednesday following a statement from the FOMC. Among other topics, traders discussed unchanged "considerable time" language in the statement related to the target range for the federal funds rate -- clearly bullish news for banks.

Gainers included:

• Regions Financial Corp. (NYSE: RF)
• Wells Fargo (NYSE: WFC)
• JPMorgan Chase & Co. (NYSE: JPM)
• Bank of America (NYSE: BAC)
• Citigroup (NYSE: C)
• American Express Co (NYSE: AXP)
• Goldman Sachs (NYSE: GS)
• U.S. Bancorp (NYSE: USB)
• FINANCIAL SPRD (NYSE: XLF)

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