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Regional banks on the rebound

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Regional banks rebound

September is shaping up to be a strong month for regional banks as investors weigh the possibility of an accelerated timeline for higher interest rates.

The S&P commercial bank industry group, which consists of 11 regional banks as well as Bank of America, Wells Fargo, JPMorgan Chase and Citigroup, is one of the top-performing industries in the broader in the month of September. The group has gained around 3 percent month to date.

The S&P regional bank subsector is also up around 1 percent since the beginning of the month.

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