Shares of major Wall Street banks were climbing sharply in Friday’s stock-market rally, with Goldman Sachs Group posting one of the biggest gains in the Dow Jones Industrial Average.
Goldman’s stock was up 2.5%, putting it among the top performers in the Dow in late afternoon trading Friday, according to FactSet data, at last check. The Dow was up 1.5% on Friday afternoon, while exchange-traded funds that hold bank stocks were posting even bigger gains.
The SPDR S&P Bank ETF was up 1.6% on Friday afternoon, while the Invesco KBW Bank ETF was climbing 2.1%, according to FactSet data, at last check.