Bank Stocks Rise To Highest Rate Since 2007
MARCH 2, 2017
Over the last 10 years, the banking industry hasn’t been viewed in the best light. Since the 2008 recession and subsequent financial bailout, banks have experienced a multitude of ups and downs. This week, however, there appears to be a light at the end of the banking tunnel. Following President Trump’s Tuesday (Mar. 1) address to Congress, the KBW Nasdaq Bank index , which measures 24 of the largest U.S. bank stocks, saw an increase of over 3 percent to a total of 32 percent.