US Financial Stocks Up After Bank Of America Upgrade (ETF: XLF, KBE, KRE)

boaA bullish research note from Goldman Sachs urging clients to buy Bank of America Corp. (BAC) shares with conviction boosted the Charlotte bank’s stock 10% and helped the financial sector in general.

The Financial Select Sector SPDR exchange-traded fund (XLF) rose 40 cents, or 3.6%, to $11.94. The KBW Bank ETF (KBE) rose 96 cents, or 5.3%, to $19.26 while the KBW Regional Banking ETF (KRE) rose 80 cents, or 3.9%, to $21.36.

Full Story: http://online.wsj.com/article/BT-CO-20090518-708480.html

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