Financial stocks attracted a modicum of bargain hunters on Wall Street on Wednesday, but the wider market struggled to mount a convincing recovery from the previous session’s heavy sell-off.
JPMorgan and Wells Fargo were among the winners as buyers returned tentatively to the sector. The two largest US banks by market capitalisation climbed 6 per cent to $26.09 and 7 per cent to $17.50, respectively, while regional banks advanced 7.3 per cent.
