Banking results give FTSE boost

The FTSE 100 Index bounded more than 2% ahead today as better-than-expected first quarter figures from US giant JP Morgan Chase gave banks a further boost.

Banking results give FTSE boost
Thu, 16 Apr, 2009 - 19:02

The FTSE 100 Index bounded more than 2% ahead today as better-than-expected first quarter figures from US giant JP Morgan Chase gave banks a further boost.

Barclays led the sector’s rally sparked by JP Morgan’s update, which was released at lunchtime and revealed profits of $2.1bn (€1.6bn).

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