Big Banks, Including Citigroup and Bank of America, Pitch In to Ease Financial Pain for Customers [VIDEO]

By DailyFinance  NOV 01, 2012 10:50 AM

Plus, several sectors should do well, post-Hurricane Sandy.


Many of the nation's biggest banks – Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), and others -- are waiving ATM fees and halting late fees on credit cards and loans for people throughout the northeast, where people are struggling to pick up the pieces following Hurricane Sandy.

Several sectors are poised to benefit, post-Hurricane Sandy, including those that can help people rebuild such as Home Depot (NYSE:HD). Insurers may also benefit; shares of Allstate (NYSE:ALL) could climb for a second consecutive session.

For more, click on the image below to play the Daily Finance Market Minute video.

No positions in stocks mentioned.