Despite a morning sell-off on a dismal employment report, bank stocks posted strong gains Friday.

The KBW Bank Index rose 6.72%, as investors continued to pick up oversold stocks. For the week, the index fell 1.15%; it had dropped 17.4% Monday.

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.