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Big Three Banks See Shares, Stock Rise With Dow Jones

The Dow Jones Industrial Average finished by end of day Friday at a clip just below 13,000 points, lifting stocks and shares for all but one of the four major financial institutions.


The jump reportedly marks the highest for the Dow Jones since 2008, just before the worst of the financial crisis, as investors got bullish on another round of bailout votes for debt-saddled Greece.

The index closed on a .35-percent hike Friday, up 45.79 points, giving ""Wells Fargo"":https://www.wellsfargo.com/ a 2.37-percent boost to wrap up stocks at


$31.09 per share.

Stocks for ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm rose by 1.24 percent to end the day at $38.47 per share, followed by figures for ""Citigroup"":http://www.citigroup.com/citi/homepage/, which finished Friday in a .64-percent climb to $32.92 per share.

Only ""Bank of America"":https://www.bankofamerica.com/ fell by the wayside Friday. Stocks dipped for the bank by 0.87 percent to close shares at $8.02 each.

""CNN"":http://money.cnn.com/2012/02/17/markets/stocks/?npt=NP1 reports that investors continue to closely watch debt crises in Europe, as finance ministers for eurozone states prepare to meet Monday to vote on austerity and fiscal reform measures from Greece.

The news outlet said that their approval is required in order for Greece to receive another infusion of bailout money and safely evade sovereign default come March.

""From an investor's perspective, European leaders have over-promised and under-delivered over and over for the past several months,"" CNN quotes Michael Sheldon, chief market strategist at RDM Financial Group, as saying. ""Until we see some signatures on a dotted line, there are still questions about Europe's ability to contain its issues.""

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

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