Here's Why Wells Fargo, JPMorgan Chase, and Other Big Banks Are Soaring on Wednesday
One of the day's standouts is the financial sector. The Financial Select Sector ETF (NYSEMKT: XLF) was higher by 3.4% on the day, and the big banks are leading the charge. Wells Fargo (NYSE: WFC), JPMorgan Chase (NYSE: JPM), and Citigroup (NYSE: C) were all up by approximately 5%.