Bernanke's comments that the recession will probably end by the end of the year lifted banking stocks which rallied for a fifth straight day. Shares of Citigroup Inc. (NYSE: C) soared 72 cents to $2.50 while Bank of America Corp. (NYSE: BAC) leaped $1.08 to $6.84 and Wells Fargo & Co. (NYSE: WFC) joined the rally by climbing 88 cents to $14.82.
Bernanke's Comments Lift Banking Stocks
March 16, 2009 at 14:27 PM EDT
