US STOCKS-Wall St rallies as JPMorgan drives bank stocks

miércoles 13 de abril de 2016 13:04 GYT

* JPMorgan up after results; bank stocks rise

* China March exports top estimates

* U.S. retail sales fall unexpectedly in March

* Indexes up: Dow 0.76 pct, S&P 0.66 pct, Nasdaq 1.10 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 13 (Reuters) - Wall Street rallied on Wednesday, boosted by JPMorgan's first-quarter results, and unexpectedly strong Chinese trade data raised hopes that the world's second-largest economy was recovering.

JPMorgan, the first of the big banks to report earnings, posted higher-than-expected revenue and profit, sending its shares up 4.2 percent to $61.75.

The stock gave the biggest boost to the S&P 500, bolstering other financial shares. Bank of America rose 3.7 percent and Citigroup 4.8 percent.

Goldman Sachs' 3.2 percent rise propped up the Dow.   Continuación...