Saturday, July 26, 2008

Bad news for banks

http://online.wsj.com/article/SB121672195606273245.html?mod=hps_us_whats_news Bank of America led the way with a 13.3% jump. On the year, the Dow is down 13%.

Financial stocks surged even after Wachovia and a number of regional banks posted bleak quarterly numbers. Wachovia shares soared 27.4%.