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)

You May Also Be Interested In

• Anthropic launches Enterprise Frontier Safeguards for Claude
• Wolfe forecasts August payrolls growth of 65k ahead of September FOMC
• BofA Securities Downgrades Edison International (EIX) to Neutral, 'A once-in-a-generation reform opportunity falls short'