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Shares in financials are rallying this morning after relatively strong results out of Jefferies and Discover Financial. Across the S&P 500, the industry is up some 1.5 per cent, led by Bank of America which has advanced nearly 5 per cent.
J.P. Morgan shares are also in the green, even as Jamie Dimon takes tough questions from the House Financial Services Committee about the $2 billion trading loss within the firm’s Chief Investment Office unit.
The company is up 2.1 per cent, at $35.32.