US Bank Shares Rise On “Bad Bank Bailout”
Posted on January 29, 2009 at 09:47 AM EST
Buoyed by the “bad bank bailout” the new administration is floating, financial stocks shot ahead from the opening gun, lifting the broad market to 2% gains in early morning trading. Goldman Sachs (GS) exploded over 7.7 points on the opening before settling up +12.6%; Bank America (BAC) gapped up 15% and closed +13..69%; ...
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