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Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates
Banking stocks rise as Citi, JPMorgan, Goldman beat earnings estimates

Banks are paying enormous amounts to settle cases stemming from bad mortgages, but investors in Wall Street's heavy hitters are looking at different numbers — and they like what they see. An index of bank stocks climbed 1.3% on Tuesday after Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. beat expectations for their second-quarter earnings. Analysts had warned that their results from trading bonds, currencies and commodities would be weak, but they came in better than expected thanks to strength late in the quarter. Citigroup kicked off the surge Monday, the same day that it said it would pay $7 billion to settle federal and state claims that it...

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