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Why Shares of Capital One, PacWest Bancorp, and KeyCorp Rallied This Week

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Capital One, PacWest Bancorp, and KeyCorp Rallied This Week

Shares of many bank stocks rallied this week after being sold off heavily last week. Banks got a lift along with the broader market on news that debt ceiling discussions were progressing, but there was also industry-specific and company-specific news. Shares of the credit card lender Capital One Financial (NYSE: COF) traded more than 11% higher for the week as of noon Thursday, according to data from S&P Global Market Intelligence.

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