Shares of the biggest U.S. banking companies rose with the broader market in pre-election trading Monday.
Bank of America Corp.s shares rose $2.375, or 4.88%, to $51.0625; Citigroup Inc.s 93.75 cents, or 1.74%, to $54.875; and J.P. Morgan & Co.s $4.8125, or 2.98%, to $166.3125. The rise was generally attributed to the indications that Texas Gov. George W. Bush had an election-eve edge. But analysts said there was no clear sense that a Gore victory would hurt big banks.