Stocks, Dow Rises End of Trading Day

Mortgage stocks went up across the board at the end of trading on Thursday as the Dow closed up 246 points. In particular, Bank of America Corporation's stock went up 35.27%. Additionally, Wells Fargo saw its stock price go up 31.7% at the end of the day Thursday. Earlier today, the banking giant announced that it expects a $3 billion profit from the first quarter. SunTrust Banks also saw a huge surge at 30.56%. US Bancorp ended trading on Thursday at $17.64 a share, up 22.84% from the last trade. Government sponsored enterprises Fannie Mae and Freddie Mac also ended the trading day Thursday on up notes, up 8.82% and 10%, respectively.

Processing Content

For reprint and licensing requests for this article, click here.
Servicing
MORE FROM NATIONAL MORTGAGE NEWS
Load More