Who says people don’t want financial stocks anymore?

[Joelle]

Who says people don't want financial stocks anymore?
      

Investors have snapped record amounts of secondary shares issues by financial companies needing to finance their latest takeover, or merely re-capitalize after huge mortgage-related losses, despite stocks bouncing around like yo-yos.
Last week’s $12.6 billion share issue by Wells Fargo to help it finance its acquisition of its fallen rival Wachovia was the largest follow-on stock [...]
         

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