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30
Nov
Bank shares rose for a third week, although rates were slower than in previous weeks. Regional bank shares rose by 1.5%, while the largest banks gained a collective 1.9% for the week. Among the largest banks, Bank of America stood out with a 4.3% weekly gain.
Higher interest rates are helping to propel bank shares as the 10-year Treasury yield picked up 4 basis points to end the week at 2.372%. The Fed is anticipated to raise rates at its next meeting in...