Financial Stocks Roaring Higher On Wells Fargo News (XLF, FAS, UYG)

April 9, 2009 8:24 AM EDT
Financial stocks are roaring this morning on news of record net income at Wells Fargo and EPS well above Wall Street estimates.

Wells Fargo (NYSE: WFC) +23%
Bank of America Corporation (NYSE: BAC) +11%
US Bancorp (NYSE: USB) +10%
JPMorgan Chase & Co. (NYSE: JPM) +7%
Citigroup, Inc. (NYSE: C) +7%
Goldman Sachs Group Inc. (NYSE: GS) +3.5%
Morgan Stanley (NYSE: MS) +3%
Financial Select Sector SPDR (NYSE: XLF) +6%
Ultra Financials ProShares (NYSE: UYG) +10%
Direxion Financial Bull 3X Shares (NYSE: FAS) +14%
UltraShort Financials ProShares (NYSE: SKF) -10%
Direxion Financial Bull 3X Shares (NYSE: FAZ) -13.5%

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