Bank stocks rallied with the rest of the market Wednesday after voters bolstered Democrats in midterm elections.

Democratic victories removed two of President Clinton's most virulent critics-Republican Sens. Alfonse M. D'Amato of New York and Lauch Faircloth of North Carolina-lessening the possibility of impeachment. The specter of a protracted inquiry into the scandal involving the President and former White House intern Monica Lewinsky has made investors jumpier and more apt to sell their holdings.

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.