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Benzinga
Benzinga
Business
Randy Elias

Why Wells Fargo And Bank Of America Shares Are Rising Today

Shares of banks and financial services companies, including Wells Fargo & Company (NYSE:WFC) and Bank of America Corporation (NYSE:BAC), are trading higher amid a rise in yields.

The recent Fed remarks indicating the Fed sees inflation as too high and will work to curb further inflation has also lifted the rate hike outlook.

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