Bank Surge

Bank of New York announced a plan to merge with Mellon Financial in a deal that will create a financial giant with a market value near $50 billion. Several other financial stocks did very well today as a result of the announcement. Not only were Bank of New York and Mellon Financial up, but Citigroup, American Express, and J.P. Morgan Chase all gained more than 1%. Now that's a day to bank on! DJIA: +89.72 Nasdaq: +35.18 S&P 500: +12.41