End Sharply Higher Ahead Of Q3 Bank Earnings

A rally in bank stock Thursday was bullish for the overall market on optimism that banks’ Q3 earnings results will beat expectations.  Q3 results begin Friday with quarterly earnings from  $JPMorgan(JPM.US)$ , $Citigroup(C.US)$ , $Wells Fargo & Co(WFC.US)$ , $Morgan Stanley(MS.US)$ , and U.S. Bancorp.

Optimism about Q3 bank earnings sparked a rally in bank stocks Thursday.  $Blackrock(BLK.US)$, $Fifth Third Bancorp(FITB.US)$ , $Huntington Bancshares(HBAN.US)$ , and $Bank of America(BAC.US)$ closed up more than +6%.  Also, $JPMorgan(JPM.US)$ closed up more than +5% to lead gainers in the Dow Jones Industrials.  In addition, $U.S. Bancorp(USB.US)$ , $Lincoln National(LNC.US)$ , $Bank of New York Mellon(BK.US)$ , and $Citigroup(C.US)$  closed up more than +5%.