Bank stocks and the broader markets rose Monday on a better-than-expected report on retail sales and a pledge by Federal Reserve Chairman Ben Bernanke to keep interest rates low.

The KBW Bank Index rose 1.09%, the Dow Jones industrial average, 1.33%, and the Standard & Poor's 500 index, 1.45%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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