Bank stocks leaped 2.6% Friday, fueled by a rally in long-term bonds as the government reported that jobs and wages grew more slowly than expected last month.

The American Banker index of the top 50 U.S. banks rose 15.5 points, to 610.8, and the AB225 rose 20.8 points, to 822.3.

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.