Shares of JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC), the two largest banks in the country, traded roughly 4.2% and nearly 5% higher, respectively. Shares of Wells Fargo (NYSE: WFC) traded nearly 6% higher.

Bank earnings season is upon us, with JPMorgan and Wells Fargo poised to report. Meanwhile, investment heavyweight BlackRock says its assets have grown to a record $11.5 trillion. The bank results will give investors an early look at what the Federal Reserve’s recent interest-rate cut means for lending income,