Financials sector rallies as ASX 200 sees third day of gains // The Motley Fool Australia

The S&P/ASX 200 Index (XJO) popped up 0.9% today after touching an 11-month high this morning of 6852.9, and the financials sector was a major driver.

Financials sector continues its rally

The financials sector is presently powering up 1.82%. It’s the third consecutive day that the sector has been on the rise.

Australia and New Zealand Banking Grp Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC) all posted gains of between 1–2%for the day.

The Australian Financial Review reported that the rally of the big four banks has collectively added $8 billion in market capitalisation today alone. 

According to Nasdaq, the financials price jump can be…