Bank stocks rallied Friday, bouncing after the drubbing they suffered over the past two sessions, as a number of key players unveiled third-quarter results to kick off earnings reporting season. The SPDR Financial Select Sector ETF XLF, +1.30% rose 2.0% ahead of the open, after shedding 6% the past two sessions amid a sharp selloff in the broader market. Among those that reported results Friday, shares of J.P. Morgan Chase & Co. JPM, +1.14% gained 1.7%, Citigroup Inc. C, +2.53% rose 3.3% and Wells Fargo & Co. WFC, +1.21% hiked up 1.7%. Elsewhere, Bank of America Corp.’s stock BAC, +1.29% rallied 2.9% and Goldman Sachs Group Inc. GS, +1.53% shares tacked on 2.0%. Meanwhile, the Dow Jones Industrial Average futures YMZ8, +0.71% jumped 219 points, after the Dow plummeted 1,378 points the past two sessions.
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