 "Wall Street")
The benchmark S&P 500 rose on Monday as Bank of America wrapped up earnings from big U.S. lenders with a better-than-expected quarterly profit, although elevated bond yields weighed on growth and technology stocks.
Shares of the second-largest U.S. bank by assets rose 3% as strong growth in its consumer lending business helped cushion the blow from a slowdown in deal-making. Overall, the S&P 500 banks index gained 1.5%.
Market response to bank earnings has been mixed as JPMorgan Chase & Co, Goldman Sachs Group Inc and Citigroup Inc combined put aside $3.36 billion in credit loss reserves due to risks from the
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