'Setting a high bar': Banks are in rally mode after JPMorgan and Wells Fargo top expectations (JPM, WFC)
- Bank stocks in the US rose across the board on Friday after JPMorgan and Wells Fargo's quarterly results topped analysts' expectations.
- The Financial Select Sector SPDR Fund, an ETF that tracks big bank stocks, jumped 2%.
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JPMorgan and Wells Fargo kicked off earnings season with a bang as both banks' first-quarter results topped Wall Street's expectations, sending names in the sector higher across the board.
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