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Why Bank Of America (BAC), Citigroup (C), JPMorgan Chase and Co. (JPM) Stocks Gained Yesterday The recently released May jobs report has raised the possibility that the Federal Reserve's much-discussed rate hike will take place in September. The data indicates a second-quarter rebound with a stronger-than-expected growth for the month of May. Against the expectations of 225,000 jobs, 280,000 jobs were created in the month.
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