By Kim Khan
Financial stocks reversed earlier weakness Thursday, with Wells Fargo leading the charge following a report that the bank could merge with Goldman Sachs (NYSE:GS).
Wells Fargo (NYSE:WFC) rose 7% and Goldman Sachs slipped 0.1%.
Merger speculation is growing that Wells Fargo will team up with Goldman Sachs, Fox Business’ Charlie Gasparino tweeted.
The move in banks also helped the broader market, with the S&P 500 sharply paring losses to be down 0.2%.
