Bank stocks rose on Monday after President Joe Biden on Monday nominated Jerome Powell for a second term at the U.S. Federal Reserve. The KBW Nasdaq Bank Index advanced by 1.3%, JPMorgan Chase & Co. (JPM) rose by 1.8%, Citigroup (C) rose by 1.4% and Goldman Sachs (GS) advanced by 2%. Wells Fargo (WFC) moved up by 2.2%.
(END) Dow Jones Newswires
November 22, 2021 09:59 ET (14:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.