Bank Stocks Gain on Strong June Jobs Report

Bank stocks are sharply higher in pre-open trade Friday on today's strong employment report. The U.S. added 287,000 jobs in June versus 180,000 expected. This could suggest that the Fed could eventually raise rates this year.

Stocks:

Bank of America (NYSE: BAC) +3.3%
Citigroup (NYSE: C) +2.3%
Goldman Sachs (NYSE: GS) +1.6%
JPMorgan (NYSE: JPM) +1.8%
Morgan Stanley (NYSE: MS) +2%
Wells Fargo (NYSE: WFC) +1.5%
Financial Select Sector SPDR ETF (NYSE: XLF) +1.4%

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