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

Investing.com
·1-min read

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%.

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