Bank stocks extended their rally, with the S&P 500 bank index rising a third straight session of gains and for the eighth time in the past nine.
Goldman Sachs rose after reporting a 3-year low in profit but CEO David Solomon made upbeat comments about signs of a recovery in investment banking. That echoed comments from other big banks on Tuesday. "Right now we are getting through the raft of companies that are smart and years ago had moved over to more reliable fee based income and that is what people are kind of working through their heads," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.
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