Bank stocks emerged from the doldrums and outpaced other stocks in a strong market rally Monday as investors anticipated encouraging words from Federal Reserve chairman Alan Greenspan.

Mr. Greenspan is due to begin presenting his semiannual Humphrey-Hawkins review of business conditions to Congress today.

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.