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Why JPMorgan, Bank of America, Citigroup, and Wells Fargo Stocks Jumped on Friday

Why JPMorgan, Bank of America, Citigroup, and Wells Fargo Stocks Jumped on Friday

What happened Bank stocks rose on Friday, as positive COVID-19 treatment news helped calm investors' fears that surging coronavirus case counts could derail an economic recovery. Megabanks JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C), and Wells Fargo (NYSE: WFC) climbed 5.