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ZION — Zions Bancorporation NA News Story

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BUZZ-U.S. bank stocks climb on hopes for faster rate hikes

** U.S. bank stocks jump as traders bet on more aggressive
interest rate hikes following comments from Fed Chair Jerome
Powell  urn:newsml:reuters.com:*:nL2N2VO1LG
    ** The odds for a 50 bps rate hike at the Fed's May meet
rose to 72.2% from just over 50% on Monday after Powell said the
Fed must move "expeditiously" to tackle inflation
    ** Wells Fargo & Co  WFC.N  gains 5.3%, making it one of the
top 10 gainers on the S&P 500 index  .SPX  and pushing the S&P
500 banks index  .SPXBK  up 3.4%  .N 
    ** Bank of America Corp  BAC.N , JPMorgan Chase & Co  JPM.N 
and Citigroup  C.N  rise 2.0%-3.8%
    ** Goldman Sachs Group Inc  GS.N  and Morgan Stanley  MS.N 
add 1.8% each
    ** Bank of New York Mellon Corp  BK.N , State Street Corp
 STT.N , PNC Financial Services Group Inc  PNC.N , Zion
Bancorporation  ZION.O  and Citizens Financial Group  CFG.N 
rise 1.7%-3.2%
    ** Benchmark 10-year yield  US10YT=RR  rose to 2.36%, its
highest level since mid-May 2019  US/   

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;
Twitter: https://twitter.com/ruhithere;))

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