New merger activity may have cooled off this year, but mergers appear to have been a factor in the big boost some bank stocks got this week.

Many analysts have attributed the stock rally early this week to favorable economic news, but eight of the 10 biggest gainers among banks Monday and Tuesday had merger news to report.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.