Bank shares move higher premarket, boosted by favorable news from Europe (I, II) and a strong...

|By:, SA News Editor

Bank shares move higher premarket, boosted by favorable news from Europe (I, II) and a strong quarter from Jefferies. BofA (BAC) will be watched after yesterday's close just below $5, a mark beyond which some money managers might have to sell the stock. Will the bank’s defenders - including big institutions such as BRK.A, JPM and C - be able to reclaim the $5 handle? BAC +2.5% premarket.