Check Out How Major Banks Are Exploding Higher All Around The World Today (BAC, MS, JPM, WFC, UBS, CS, GS, C, BCS, HBC, RBS, BP, BNP, GLE, ACA, WBK, MFG, SMFG, MTU, STD)


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Financials are gaining massive ground following news that E.U. leaders have come to some consensus on how to rejuvenate the regions banking sector.

A 50% haircut of Greek debt, 9% tier one capital ratios and a leveraged EFSF that breaks $1 trillion all sent equities flying. On the S&P 500, 93% stocks are in the green as the index advances nearly 2%.

Banks are leading those gains.

Bank of America (BAC): Up 6.4%

Share Price: $7.00

Market Cap: $71.2 billion

Country: U.S.

Source: Google Finance

Goldman Sachs (GS): Up 6.4%

Share Price: $113.05

Market Cap: $57 billion

Country: U.S.

Source: Google Finance

Citigroup (C): 7.8%

Share Price: $33.64

Market Cap: $99.1 billion

Country: U.S.

Source: Google Finance

See the rest of the story at Business Insider

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Source: http://feedproxy.google.com/~r/businessinsider/~3/9MwjStYrYXM/financials-soar-as-eu-leaders-agree-on-greek-haircut-recapitalization-plan-2011-10

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