Bank stocks lagged behind other groups Monday as investors sought bargains after Friday's rout.

The American Banker index was up only 1.59%, despite some cheerleading from analysts. The Dow Jones industrial average jumped 276.7, or 2.69%, to 10,582.5. As buying took hold late in the day, even the Nasdaq index soared, gaining 217.7 points, or 6.55%, to 3,538.9.

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