Citi Helping Bank Stocks (C)

Shares of Citigroup Inc. C are up over 3% today after the financial services giant reported better than expected earnings this morning. Citgroup reported earnings of 7 cents per share on revenues of $20.7 billion. Analysts had been looking for earnings of 6 cents per share on $21 billion in estimates, so results were seen as better than expected. These earnings are helping the broader banking sector today, as it deals with the overhang of "foreclosure-gate." Shares of Bank of America Corporation BAC are flat now a $11.98, but had been as high as $12.12. J.P. Morgan Chase & Co. JPM is up 72 cents to $37.87, a gain of 1.94%. Wells Fargo & Company WFC is the biggest gainer today on a percentage basis, gaining 2.5% to $24.17, a gain of 59 cents.