Financial institution shares rose on Monday after President Joe Biden on Monday nominated Jerome Powell for a second time period on the U.S. Federal Reserve. The KBW Nasdaq Financial institution Index
kbw
superior by 1.3%, JPMorgan Chase & Co.
JPM,
+2.13%
rose by 1.8%, Citigroup
C,
+1.06%
rose by 1.4% and Goldman Sachs
GS,
+2.26%
superior by 2%. Wells Fargo
WFC,
+3.11%
moved up by 2.2%.

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