Federal Reserve Chairman Jerome Powell said despite turbulence in the markets, the overall global economy looks promising and the Fed will exercise patience in 2019. He spoke Friday on a panel with former Fed leaders Ben Bernanke and Janet Yellen in Atlanta. Photo: APBattered bank stocks jumped on Friday after a strong jobs report and comments by the Federal Reserve chairman helped shift investors’ narrative about economic growth. Citigroup Inc. climbed 4.9%, Morgan Stanley rose 4.1% and Bank of America Corp. surged 4.2%, all topping the S&P 500’s 3.4% rise. JPMorgan Chase & Co. climbed 3.7% and...

Source: Wall Street Journal January 04, 2019 21:45 UTC