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Updated from 1:33 p.m. EDT
Most bank stocks finished higher Thursday on yet another bullish research note that said financial stocks could lead the way out of the global slump.
Anthony Bolton, the U.K.-based president of investments at Fidelity International, said that the recent gain in equities was a bull market move and not a bear market rally. Bolton said that he favors financials and that the sector, along with technology and consumer cyclical names, could spur a recovery.
Bolton's comments come a day after Fox-Pitt Kelton analysts upped the firm's rating on the banking industry to marketweight from underweight, the first time the firm has raised its rating on U.S. banks since 2004. ...
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