Big Banks Rally For Week, Help Boost Financial Sector
Big banking stocks took a breather Monday after rallying hard last week. Bank of America (BAC) soared 9% in its best week since September. UBS (UBS) popped 7%. JPMorgan Chase (JPM) and Wells Fargo (WFC) leapt 4% each. The gains were enough to hoist the Banks-Money Center industry group into the top 20 out of 197 industries tracked by IBD. That, along with the No. 1-ranked mortgage services group, makes only two finance sector industries that
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