Money Continues To Move Into Financials (XLF, BAC, MS, GS, C)

Money is continuing to move into the financial sector on Wednesday led by Bank of America BAC which has added 1.54% to $14.45 after Goldman Sachs GS advised clients to buy $16 call options on the name. Citigroup C is also notching nice gains, rising 0.82% to $4.94. The big brokers, Goldman Sachs (GS) and Morgan Stanley MS, have added 0.52% and 0.14%, respectively. The Financial Select Sector SPDR ETF XLF has gained 0.77% to $16.40, outpacing the gains in the broader market.