Bank stocks rise on decision to nominate Jerome Powell for second term as Fed chair By Reuters

November 22, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A trader works on the trading floor as a screen displays a statement by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve’s announcement at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. RE

NEW YORK (Reuters) – Shares in U.S. banks rose on Monday after Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden.

The bank index was up 1.45%, on pace for its biggest daily percentage gain in 5 weeks.

 

 

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