Shares of US Bank stocks have been moving considerably higher in recent days while crude oil falls. One stock in particular, Fannie Mae (FNM), was beaten down to around $6 per share the other day and I hesitated and decided not to pick up shares at that price for fear that the lender would become insolvent as many have predicted. Well it turned out that the hesitation cost me, to the tune of a 100% gain on a straight stock trade and over 500% on a July 2.50 Option trade.

JP Morgan (JPM) was talked about on CNBC today about its 40% gain in a little over a week. Wells Fargo (WFC) rose over 30% yesterday after announcing a strong cash position and increasing the dividend.

Kudos to anyone who got into the financial stocks on Monday, you are surely raking in the profits this week.

[tags]jp morgan, wells fargo, fannie mae, freddie mac, profits, banks, stock market, investing, shaun carter[/tags]