Bank stocks had a huge day

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Janet Yellen

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Federal Reserve Chair Janet Yellen listens during an annual Womens History Month reception honoring herself hosted by U.S. House Minority Leader Rep. Nancy Pelosi (D-CA) March 25, 2014 on Capitol Hill in Washington, DC.

It was a good day for Wall Street on Wednesday.

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JPMorgan, Goldman Sachs, Bank of America and Wells Fargo all moved 2% higher or more in trading after the Federal Reserve made the decision to lift off from its long-standing policy of 0% interest rates.

As interest rates go up, banks should be able to improve their net-interest margin, or the difference between their cost of funding and lending rates.

The industry as a whole is expected to reap billions of dollars in additional revenues through interest income as interest rates start moving higher.

That has investors and analysts bullish on the financials sector.

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Here are today's gains, in chart form.

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Banks' shares rose in the wake of the Fed's rate hike decision.

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