Explicit-Picks.info Reports on Friday's Must Watch Stocks: Bank of America Corp., Citigroup Inc. and Wells Fargo & Co

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Explicit-Picks Reports on Three Stocks To Watch on Friday: Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.

The S&P 500 advanced again on Thursday for the fifth straight trading session, while financial companies like Bank of America, Citigroup and Wells Fargo & Co all rose on strong volume. We are watching news that the FDIC's program, which guaranteed debt issued by banks may consider letting the debt-guarantee program expire on Oct. 31, or continue for another six months in the event of an "emergency". This is a strong indicator of confidence by the government that the banking system is regaining strength. More to the point it is a sign that the Federal Government will stand strong behind these companies if they can't stand alone.

CitiFinancial continues to make international news with their Consumer Finance India Ltd, a non-banking financial company of Citibank India, no longer being on the chopping block. Citibank Taiwan also launched a consumer credit management program they said in a press statement yesterday. Looks like Citi's revival plan is underway and heading in the right direction.

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