Here's Why Wells Fargo Stock Climbed on Monday

The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. However, the financial sector was performing significantly better, especially when it comes to the big banks. Wells Fargo (WFC 1.38%) was a particular standout, with shares up by as much as 3% on Monday.A big regulatory move for banksThere isn't a company-specific reason for the strong performance. Instead, the move is being fueled by the announcement that the Federal Reserve's top ba ...