Bank shares largely higher after stress-test results

May 7th, 2009 - MarketWatch

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LOS ANGELES (MarketWatch) -- A number of financial stocks surged Thursday evening after the U.S. government released long-awaited results from its stress test of the sector, determining that nearly $75 billion in private capital must be raised by most of the companies that were under review.

Among advancers, Citigroup Inc. shares climbed 5.8% to $4.03, Fifth Third Bancorp. leaped 23% to $6.56, State Street Corp. rose 8.4% to $40.99, and Regions Financial Corp. gained 5.2% to $5.50.

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