Thursday, April 9, 2009

Bank Stocks Continue To Rebound

Another strong day for the stock market, again led by Wells Fargo and other lenders. Wells Fargo expects record 1st quarter profits, and Bank of America, JP Morgan Chase, and Citigroup all saw strong gains.

The New York Times also reported that federal officials examining the banking industry believe the industry is in better shape than many people believe. Great. When do we get our bailout money back?

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