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Financials stocks soar on talk Obama may back 'bad bank'
Posted on January 28, 2009 at 09:16 AM EST
NEW YORK (MarketWatch) -- Shares of U.S. banks posted strong pre-open gains Wednesday on reports that the Obama administration may adopt a plan to buy bad assets in the financial system and create a so-called "bad bank" to hold them.
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Bank of America Corp.
Fifth Third Bancorp
JPMorgan Chase & Co.
Legg Mason, Inc.
State Street Corp.
Wells Fargo & Co.
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