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Friday's Bank Stocks: Industry gains on jobs report

Bank stocks and the broader markets gained in trading June 1 after the U.S. Labor Department released a jobs report showing higher-than-expected payroll gains and a continued decline in unemployment.

Total nonfarm payrolls increased by 223,000 in May, above Econoday's consensus estimate of 190,000. Unemployment, meanwhile, ticked down to 3.8%.

President Donald Trump teased the employment report early on June 1, tweeting that he was "[l]ooking forward" to seeing the Labor Department's numbers. The pre-emptive tweet, which came ahead of the 8:30 a.m. ET embargo, sparked concerns of nudging markets.

The Dow Jones Industrial Average added 0.90% to 24,635.21, the S&P 500 increased 1.08% to 2,734.62 and the Nasdaq Composite Index rose 1.51% to 7,554.33.

KBW Nasdaq Bank Index was up 1.47% to 107.49, and KBW Nasdaq Regional Bank Index ended the day 0.99% lower at 118.58.

At the large banks, JPMorgan Chase & Co. increased 1.27% to $108.40, Citigroup Inc. added 0.88% to $67.28, Wells Fargo & Co. rose 1.32% to $54.69 and Bank of America Corp. increased 1.27% to $29.40.

New York Community Bancorp Inc. ticked up 0.086% to $11.61.

In notable movers, Renton, Wash.-based First Financial Northwest Inc. jumped 5.12% to $18.27 and Bronx, N.Y.-based PDL Community Bancorp (MHC) added 4.62% to $16.07.

Fort Lauderdale, Fla.-based OptimumBank Holdings Inc. lost 6.98% to $5.20 and New York-based Carver Bancorp Inc. decreased 5.15% to $5.52.

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Market prices and index values are current as of the time of publication and are subject to change.