US equities were mixed on Monday, with bank stocks buoyed by investors looking beyond the turmoil that has rocked the sector in recent weeks.
The KBW Nasdaq Bank index rose 2.5 per cent, while JPMorgan Chase was up 2.9 per cent, Citigroup up 3.9 per cent and Wells Fargo 3.4 per cent higher at the close. The moves echoed gains in Europe, where a 6.2 per cent recovery in Deutsche Bank’s shares following Friday’s sharp declines led markets higher.
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