Citigroup jumps on media reports of stress tests

Wed May 6, 2009 7:04pm BST
 
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NEW YORK, May 6 (Reuters) - Shares of Citigroup (C.N), Goldman Sachs (GS.N), Morgan Stanley (MS.N), MetLife Inc (MET.N) and JPMorgan Chase (JPM.N) each rose near session highs on Wednesday after media reports on the amount of capital needed for each financial institution under the government stress tests.

The KBW Bank index .BKX rose 8.9 percent. (Reporting by Chuck Mikolajczak; Editing by Padraic Cassidy)

 

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