Bank stocks continued their rally heading into Thanksgiving despite some negative economic data and a bearish report from a leading bank analyst.

The KBW Bank Index rose 3.92% Wednesday and was up 25.7% for the week. The Dow Jones industrial index gained 2.91% on the day (up 8.5% for the week), and the Standard & Poor's 500 index rose 3.53% (up 11%).

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