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Market Overview

Top Performing Large Cap Financials (BAC, WFC, AXP)

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Financials and tech stocks are leading the market marginally higher today. In the financial sector some large cap outperformers include Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and American Express (NYSE: AXP). The action today in these names is quite positive considering that the Obama administration just unveiled a plan to tax 50 of the largest financial institutions in order to recover taxpayer money spent on bailouts.

Leading the way today is Bank of America (NYSE: BAC) which has climbed 1.5% to $16.87. This is a name that a lot of people are quite bullish on and it continues to perform well into 2010. Also having a positive day is Wells Fargo (NYSE: WFC) which has appreciated 1.64% to $29.05 going into the closing bell. Another name in the group is American Express (NYSE: AXP) with a 1.3% gain. The shares are currently trading hands for $42.68.

 

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