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Why Shares of Wells Fargo Are Up Today

Why Shares of Wells Fargo Are Up Today

In general, bank stocks are rallying today, as the KBW NASDAQ Bank Index, which tracks the largest banks in the U.S., traded about 3.6% higher today as well. Earlier this week, amid the carnage in the market, Odeon Capital analyst Dick Bove upgraded Wells Fargo to a buy rating from hold.