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Bank Stocks Climb on Report of Potential Goldman, Wells Fargo Deal

Published 05/14/2020, 11:19 AM
Updated 05/14/2020, 11:20 AM
© Reuters.

© Reuters.

By Kim Khan

Investing.com - Financial stocks reversed earlier weakness Thursday, with Wells Fargo leading the charge following a report that the bank could merge with Goldman Sachs (NYSE:GS).

Wells Fargo (NYSE:WFC) rose 7% and Goldman Sachs slipped 0.1%.

Merger speculation is growing that Wells Fargo will team up with Goldman Sachs, Fox Business’ Charlie Gasparino tweeted.

The move in banks also helped the broader market, with the S&P 500 sharply paring losses to be down 0.2%.

Latest comments

Goldman ********just as much so this will be a match made in heaven!
If there are talks, they will fail.
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