NEW YORK (CNNMoney) -- Bank of America's continued efforts to recapitalize have been able to calm investors' minds in the last few days.
After raising $5 billion from Warren Buffett's Berkshire Hathaway ( ) last week, Bank of America ( , Fortune 500) announced on Monday that it agreed to sell 50% of its stake in China Construction Bank.
The $8.3 billion deal is expected to generate a $3.3 billion after-tax gain for the banking giant. Shares of BofA rose more than 5% on the news and are now 35% above the 52-week low hit last week.
Meanwhile, the Greek stock market rallied 11% on the announcement that the second and the third largest banks in the country agreed to merge. Shares of the National Bank of Greece () jumped more than 30%.
As many parts of the East Coast are rejoicing the return of electricity, shares of major insurance companies charged higher. The damages from Hurricane Irene were much smaller than expected. Allstate ( , Fortune 500) shares rose 6%, while Travelers ( , Fortune 500) was up more than 4%.
These are some of the popular discussion topics on StockTwits on Monday:
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.49%||3.47%|
|15 yr fixed||2.69%||2.70%|
|30 yr refi||3.49%||3.49%|
|15 yr refi||2.72%||2.72%|
Today's featured rates: