Shares of diversified financial services companies gained with the broader market in morning trading Thursday, after two days of sharp declines.
Investors have been worried about the soaring price of oil and its potential impact on consumer spending and the broader economy. Oil prices came down off their highs on Thursday after passing a new record of $135 per barrel overnight.
Wall Street was also soothed by better-than-expected Labor Department data, which showed that the number of workers seeking unemployment benefits declined by 9,000 last week to 365,000.
How shares of some diversified financial companies were faring:
Citigroup Inc., up 58 cents, or 2.8 percent, to $21.64.
JPMorgan Chase & Co., up $1.14, or 2.7 percent, to $43.56.
CIT Group Inc., up 34 cents, or 3.1 percent, to $11.33.
Bank of America Corp., up 32 cents to $34.95.
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