Financial Stocks Closed Higher (NYSE: C, BAC, GS, JPM)

Dallas, Tx - Citigroup Inc. (NYSE:C) went up 0.57% to $3.44 on 231.87 million shares after The Federal Reserve surprised the markets after it announced late Thursday that it was raising its discount rate in order to encourage banks to borrow from the private market for short-term credit instead of from the Fed.

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Some of the movers in the sector are:-

Bank of America Corporation (NYSE:BAC) added 2.08% to $16.21 on 172.84 million shares. The stock hit an intraday high and an intraday low of $16.40 and $15.96 respectively. In the last six months the stock went down over 7%.
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Goldman Sachs Group, Inc. (NYSE:GS) advanced 0.34% to $156.71 on 7.24 million shares.

JPMorgan Chase & Co. (NYSE:JPM) gained 2.05% to $40.85 on 42.72 million shares. The stock hit an intraday high and an intraday low of $41.30 and $40.25 respectively.

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