While you were sleeping Fresh records, Tepper is bullish

Tue, 14 May 2013

By Margreet Dietz May 15 (BusinessDesk) - Wall Street resumed its climb to new records, underpinned by the confidence that central banks around the world are supporting growth. Financial stocks including Bank of America and Citigroup received a boost from billionaire hedge-fund manager David Tepper who called US banks “a good sector” in an interview with CNBC. Shares of Bank of America were up 2.3 percent, while those of Citigroup gained 2.2 percent. Tepper is optimistic about the stock market in general. “I’m definitely bullish,” he told C...

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