Why the Arm IPO is good news for these bank stocks

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The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. Equities rise Watch MS, WFC Stick with Amazon 1. Equities rise Stocks climbed higher Thursday morning, with banks and energy stocks leading the way. The S & P 500 and the Nasdaq Composite both gained roughly 0.5% in midmorning trading. The moves come on the heels of fresh economic data Thursday, with U.S.

The event is the biggest IPO of the year so far, and if it reignites the dormant market for public offerings it could have bullish implications for big banks. Morgan Stanley stock was up 1.63%, at $88.68 a share. Wells Fargo stock was up more than 2%, at just over $43 a share. 3.

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