Financials .SPSY up 1%. PayPal PYPL.O jumps after report of over $53 bln buyout offer from Stripe, private equity firm Advent.
JPMorgan JPM.N rises after record quarterly profit on surging dealmaking and stock trading; Bank of America BAC.N gains after Q2 profit beat on trading boost.
Citigroup C.N slips as earnings beat is overshadowed by worries over expenses; Wells Fargo falls after unchanged forecast and slight NIM compression.
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Goldman Sachs GS.N vaults after earnings topper as market volatility boosts equities revenue to a record, and Morgan Stanley MS.N climbs after Q2 beat as IPOs fuel wealth management assets and investment banking.
For the week, S&P 500 banks index .SPXBK lifts 0.5%, KBW regional banking index .KRX advances about 2%.
Energy surges and selective risk appetite persists
Energy .SPNY surges 5%. Group tracks rising oil prices as military escalation disrupts Hormuz shipments, and rises on renewed U.S.-Iran hostilities and threat of Red Sea closure.
Meanwhile, individual investors turn more optimistic — but not more aggressive.
SpaceX SPCX.O descends below IPO price for first time since the rockets-to-AI firm's blockbuster debut over a month ago.
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