Bank of America a leader as financials rally

[admin]

Bank of America a leader as financials rally
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) - U.S. financial stocks were off to the races on Wednesday morning, riding the wave of enthusiasm for the last-minute resolution of the spending and taxation legislation finalized the night before. Bank of America Corp. was among the top sector gainers on Wednesday after analysts at Evercore added the stock to their conviction buy list and said the shares are there top pick for the large-cap bank sector. Morgan Stanley , Genworth Financial , Prudential Financial and Citigroup Inc. rounded out the top five gainers in the S&P 500 financial sector. Collectively, the S&P 500 financial sector, as tracked by the Financial Select Sector SPDR ETF , rose 2.4%.