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Bank stocks were climbing along with the broader market Monday as traders cheered the efforts by central banks and governments around the world to continue seeking a solution to the global

financial crisis


The NYSE Financial Sector index was jumping 11.9%, and the Amex Securities Broker/Dealer index was up 11.2%. The KBW Bank index was adding 1.4%.

As for individual stocks,

Morgan Stanley

(MS) - Get Morgan Stanley Report

was soaring 86% to $18.04 after it closed a deal that gives

Mitsubishi UFJ Financial


a 21% ownership stake in the Wall Street firm.

Sovereign Bancorp


wasn't as fortunate, falling nearly 4% to $3.67 after a report said that Spain's

TheStreet Recommends

Banco Santander


is considering buying all of the company.



(C) - Get Citigroup Inc. Report

was up 12%, while

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

was down 2%.

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

was tacking on 2%.

This article was written by a staff member of