US big banks climb after Trump cancels planned strikes on Iran

Wells Fargo & Co

Thu 18:56

** Shares of U.S. big banks edged up after U.S. President Donald Trump cancels strikes against Iran that had been scheduled for later in the evening
** JPMorgan Chase JPM.N rises 1.5%, Bank of America GS.N 1.2%, Wells Fargo WFC.N 1% and Citigroup C.N 2.8% 
** Goldman Sachs GS.N up 2.2% and Morgan Stanley MS.N up 2.1%
** Trump had previously said that U.S. would hit Iran "very hard tonight" and wanted at some point to take Iran's ​oil infrastructure hub Kharg Island, after a second day of strikes by both sides in the Gulf threatened a return to all-out war 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))