The cost of insuring loans dropped for Citigroup Inc. (NYSE: C) as its outlook dramatically improved. Banking stocks rose with shares of Bank of America Corp. (NYSE: BAC) surging 99 cents to $4.74 and Wells Fargo & Co. (NYSE: WFC) climbing $1.52 to $11.49. Citigroup stock soared 36 cents to $1.41.
Banking Stocks Rally
March 10, 2009 at 14:30 PM EDT
