Financial Stocks Roaring Higher On Wells Fargo News (XLF, FAS, UYG)

Financial stocks are roaring this morning on news of record net income at Wells Fargo and EPS well above Wall Street estimates.

Wells Fargo (NYSE: WFC) +23%
Bank of America Corporation (NYSE: BAC) +11%
US Bancorp (NYSE: USB) +10%
JPMorgan Chase & Co. (NYSE: JPM) +7%
Citigroup, Inc. (NYSE: C) +7%
Goldman Sachs Group Inc. (NYSE: GS) +3.5%
Morgan Stanley (NYSE: MS) +3%
Financial Select Sector SPDR (NYSE: XLF) +6%
Ultra Financials ProShares (NYSE: UYG) +10%
Direxion Financial Bull 3X Shares (NYSE: FAS) +14%
UltraShort Financials ProShares (NYSE: SKF) -10%
Direxion Financial Bull 3X Shares (NYSE: FAZ) -13.5%

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• Silence Therapeutics closes $201M public offering of ADSs
• Delek Logistics closes $230M unit offering at $50 per unit