Winners and Losers
Bank stocks continued their remarkable run on Monday, even though the broad market was flat.
Investor euphoria resumed on Friday as the broad indices pushed further into record territory, with bank stocks again leading the way.
Banks stocks were mostly lower on Thursday, following a disappointing batch of economic reports.
Bank stocks led the broad market again on Wednesday, as the Dow Jones Industrial Average and S&P 500 hit new highs.
Bank stocks led the way on Tuesday, as the Dow Jones Industrial Average and S&P 500 both hit new highs.
Decent economic reports on Monday fed a rise in trust bank stocks, while large mortgage REITS fared poorly.
Stocks were strong on Friday as the dollar continued to strengthen and the price of gold sank by over 2%.
Fannie on Thursday announced it would pay a $59.4 billion dividend to the government, showing how lucrative the GSE bailout is becoming.
Wells Fargo showed the strongest credit card growth among major lenders in the first quarter, and is poised for even greater expansion.
Most bank stocks headed higher on Wednesday, as the broad market remained hot.