Biggest Bailed-Out Banks Bouncing Back

Huffington Post/Reuters/Bloomberg/NYT
Marcus Baram

Three of the biggest bailed-out banks - Bank of America, Chase, and Citigroup - reported good news this week.

After suffering through months of plummeting profits, the three behemoths' chief executives all said their banks were in the black this year.

And their stock, which had plunged over the last year, jumped higher over the last four days, with Chase rising 45.6% from Monday's opening to Thursday's close, Citi rising 62% and Bank of America 86%.

Kenneth D. Lewis, chief executive of Bank of America, noted that the bank was profitable in January and February and that he expects revenue to top $100 billion this year in remarks he made after a speech in Boston on Thursday.

(More here.)