Local bank stocks become hot properties after drop

BankingFifth Third BancorpDeath

Investors snapped up shares of high-profile banks in Indianapolis one day after those stocks were battered Tuesday.

Shares of Cleveland-based National City and Cincinnati-based Fifth Third Bancorp shot up 42 percent and 36 percent respectively. Their big gains mirrored other financial stocks that rose on Wall Street's rally.

The bank stocks cratered Tuesday after the U.S. House killed the $700 billion Wall Street rescue plan.

Copyright © 2014, Los Angeles Times
Comments
Loading