BofA stock up sharply as markets climb

Bank of America's stock finished up sharply Thursday, one of several financial companies to benefit from the market's rally.

The Charlotte-based bank's stock (ticker: BAC) closed up nearly 10 percent, at $7.22, the highest it's been in more than a month.

The Dow Jones Industrial Average closed up more than 360 points, nearly 3 percent, fueled by positive news Thursday morning out of Europe. European leaders and banks agreed to mark down the value of Greek debt by 50 percent, part a deal designed to ease the euro zone's debt crisis.

Wells Fargo's stock finished up 5 percent at $27.07, JP Morgan Chase's closed up more than 8 percent at $37.02, and Citigroup finished up almost 10 percent at $34.17.